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Planet Fitness put volume heavy and directionally bearish
The Fly

Planet Fitness put volume heavy and directionally bearish

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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