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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 1,729 puts trading, or 1.3x expected. Most active are May-24 60 puts and Apr-24 65 puts, with total volume in those strikes near 760 contracts. The Put/Call Ratio is 6.00, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 2nd.

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