Bearish flow noted in Peloton Interactive with 11,029 puts trading, or 4x expected. Most active are 10/11 weekly 4 puts and 9/27 weekly 5 calls, with total volume in those strikes near 12,200 contracts. The Put/Call Ratio is 2.19, while ATM IV is up nearly 3 points on the day. Earnings are expected on October 31st.
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