Bearish flow noted in Las Vegas Sands with 15,407 puts trading, or 6x expected. Most active are 4/28 weekly 59 puts and 4/28 weekly 60 puts, with total volume in those strikes near 9,000 contracts. The Put/Call Ratio is 2.46, while ATM IV is up over 1 point on the day. Earnings are expected on July 19th.
Published first on TheFly
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