Bearish flow noted in Las Vegas Sands with 10,938 puts trading, or 3x expected. Most active are Jun-23 46 puts and Mar-23 55 puts, with total volume in those strikes near 8,600 contracts. The Put/Call Ratio is 7.46, while ATM IV is up over 1 point on the day. Earnings are expected on April 26th.
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Published first on TheFly
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