Bearish flow noted in Peabody Energy (BTU) with 3,273 puts trading, or 2.0x expected. Most active are 5/2 weekly 12.5 puts and 5/9 weekly 12.5 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 2.47, while ATM IV is up over 1 point on the day. Earnings are expected on May 6th.
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