Bearish flow noted in Caesars (CZR) with 3,165 puts trading, or 1.1x expected. Most active are 5/2 weekly 26 puts and Sep-25 32 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 6.53, while ATM IV is up over 3 points on the day. Earnings are expected on April 29th.
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