Bearish flow noted in Peloton (PTON) Interactive with 54,425 puts trading, or 8x expected. Most active are Dec-27 3 puts and 9/26 weekly 8 calls, with total volume in those strikes near 52,100 contracts. The Put/Call Ratio is 3.38, while ATM IV is up over 3 points on the day. Earnings are expected on October 30th.
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