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Caesars call volume above normal and directionally bullish

Bullish option flow detected in Caesars with 7,275 calls trading, 1.8x expected, and implied vol increasing over 2 points to 47.80%. Sep-24 45 calls and May-24 50 calls are the most active options, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 0.16. Earnings are expected on April 30th.

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