Bearish flow noted in Wynn Resorts with 13,973 puts trading, or 5x expected. Most active are Aug-23 90 puts and 8/11 weekly 105 calls, with total volume in those strikes near 5,900 contracts. The Put/Call Ratio is 2.06, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 9th.
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