Bearish flow noted in Peabody Energy (BTU) with 4,809 puts trading, or 1.9x expected. Most active are 8/29 weekly 16 puts and 8/22 weekly 20 calls, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 1.89, while ATM IV is up nearly 2 points on the day. Earnings are expected on October 30th.
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