Bearish flow noted in Caesars with 11,491 puts trading, or 3x expected. Most active are 5/3 weekly 36 puts and 5/3 weekly 37 puts, with total volume in those strikes near 4,200 contracts. The Put/Call Ratio is 1.76, while ATM IV is up over 1 point on the day. Earnings are expected on April 30th.
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