Bearish flow noted in Peabody (BTU) Energy with 5,906 puts trading, or 10x expected. Most active are May-26 25 puts and Jul-26 19 puts, with total volume in those strikes near 4,900 contracts. The Put/Call Ratio is 13.42, while ATM IV is up over 1 point on the day. Earnings are expected on May 5th.
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