Bearish flow noted in Caesars (CZR) with 6,090 puts trading, or 1.7x expected. Most active are 2/28 weekly 37 puts and 2/28 weekly 34 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 2.00, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 25th.
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