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Peloton Interactive call volume above normal and directionally bullish

Bullish option flow detected in Peloton (PTON) Interactive with 43,026 calls trading, 12x expected, and implied vol increasing over 25 points to 133.49%. Nov-24 6 calls and Oct-24 5.5 calls are the most active options, with total volume in those strikes near 17,300 contracts. The Put/Call Ratio is 0.04. Earnings are expected on October 31st.

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