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Peabody Energy put volume heavy and directionally bearish

Peabody Energy put volume heavy and directionally bearish

Bearish flow noted in Peabody Energy (BTU) with 1,587 puts trading, or 1.2x expected. Most active are 3/28 weekly 10 puts and 3/28 weekly 12 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 3.70, while ATM IV is up over 2 points on the day. Earnings are expected on May 1st.

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