Bearish flow noted in Caesars with 6,366 puts trading, or 1.8x expected. Most active are 2/24 weekly 53 puts and 2/24 weekly 46 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 2.27, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
Published first on TheFly
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