Bearish flow noted in Caesars (CZR) with 4,172 puts trading, or 3x expected. Most active are Apr-26 25 puts and Jun-26 20 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 1.87, while ATM IV is up over 5 points on the day. Earnings are expected on April 28th.
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