Bearish flow noted in Caesars (CZR) with 2,879 puts trading, or 1.5x expected. Most active are 3/13 weekly 25 puts and Jun-26 22 puts, with total volume in those strikes near 2,300 contracts. The Put/Call Ratio is 3.20, while ATM IV is up over 4 points on the day. Earnings are expected on April 28th.
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