Bearish flow noted in Caesars with 7,314 puts trading, or 5x expected. Most active are 2/3 weekly 50 puts and Mar-23 55 calls, with total volume in those strikes near 6,500 contracts. The Put/Call Ratio is 5.27, while ATM IV is up over 2 points on the day. Earnings are expected on February 21st.
Published first on TheFly
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