Bearish flow noted in Peloton (PTON) Interactive with 15,093 puts trading, or 5x expected. Most active are 3/28 weekly 6.5 puts and Jan-27 10 puts, with total volume in those strikes near 10,100 contracts. The Put/Call Ratio is 3.52, while ATM IV is up over 1 point on the day. Earnings are expected on May 8th.
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