Bearish flow noted in Caesars (CZR) with 4,391 puts trading, or 4x expected. Most active are Mar-26 16 puts and Mar-26 20 puts, with total volume in those strikes near 3,300 contracts. The Put/Call Ratio is 4.33, while ATM IV is up over 18 points on the day. Earnings are expected on February 17th.
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