Bearish flow noted in Las Vegas Sands with 8,667 puts trading, or 3x expected. Most active are May-23 50 puts and 3/24 weekly 52 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 3.80, while ATM IV is up over 4 points on the day. Earnings are expected on April 26th.
Published first on TheFly
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