Bearish flow noted in Peabody Energy with 7,732 puts trading, or 1.6x expected. Most active are May-24 18 puts and May-24 20 puts, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 4.02, while ATM IV is up nearly 4 points on the day. Earnings are expected on April 25th.
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