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Peloton Interactive put volume heavy and directionally bearish

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Bearish flow noted in Peloton Interactive with 8,750 puts trading, or 1.2x expected. Most active are Feb-23 12 puts and 1/27 weekly 12 calls, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 2.16, while ATM IV is up over 3 points on the day. Earnings are expected on February 1st.

Published first on TheFly

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