Bearish flow noted in Peloton (PTON) Interactive with 9,216 puts trading, or 3x expected. Most active are Jan-26 7 puts and Nov-25 7 puts, with total volume in those strikes near 7,900 contracts. The Put/Call Ratio is 1.74, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 5th.
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