Bearish flow noted in Peabody Energy with 8,577 puts trading, or 1.5x expected. Most active are 2/23 weekly 23.5 puts and Jan-25 25 puts, with total volume in those strikes near 3,600 contracts. The Put/Call Ratio is 1.50, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 25th.
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