Bearish flow noted in Planet Fitness with 4,408 puts trading, or 11x expected. Most active are Apr-24 57.5 puts and May-24 47.5 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 38.67, while ATM IV is up over 6 points on the day. Earnings are expected on May 2nd.
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