Bearish flow noted in Peloton Interactive with 9,525 puts trading, or 1.0x expected. Most active are 5/5 weekly 8.5 puts and Dec-23 9 puts, with total volume in those strikes near 3,900 contracts. The Put/Call Ratio is 1.53, while ATM IV is up nearly 4 points on the day. Earnings are expected on May 4th.
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