Bearish flow noted in Peloton (PTON) Interactive with 4,595 puts trading, or 2x expected. Most active are Feb-26 6 puts and Jul-26 8 calls, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 1.58, while ATM IV is up nearly 4 points on the day. Earnings are expected on February 5th.
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