For my readers who watch or trade in Teladoc - $TDOCPlease use caution as they are having their tires kicked and may lose some air....Today's action featured a negative story by a Forbes writer followed by put option buying.Teladoc highlights 'misleading' adjusted EBITDA numbers, Forbes contributor saysTeladoc Health highlights its "misleading" adjusted EBITDA numbers but the true cash flows of the business reveal growing losses and the business is not as rosy as management would have investors believe, Forbes contributor David Trainer, who is the CEO of independent research firm New Constructs, says. According to Trainer, using adjusted EBITDA allows the company to present itself as profitable and lets executives keep earning bonuses "even as they destroy shareholder value." Read more at: (source)https://thefly.com/landingPage...Teladoc put volume heavy and directionally bearishBearish flow noted in Teladoc with 2,980 puts trading, or 4x expected. Most active are Jan-20 45 puts and Apr-19 55 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 2.75, while ATM IV is up over 4 points on the day. Earnings are expected on April 30th.Read more at: (source)https://thefly.com/landingPage... $TDOC, Teladoc Health, Inc. / H1 Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.