Bearish flow noted in Las Vegas Sands (LVS) with 4,972 puts trading, or 1.8x expected. Most active are 6/13 weekly 40 puts and Sep-25 35 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 1.71, while ATM IV is up over 1 point on the day. Earnings are expected on July 23rd.
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