Bearish flow noted in Las Vegas Sands (LVS) with 2,476 puts trading, or 1.7x expected. Most active are 5/1 weekly 55 puts and May-26 52 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 7.67, while ATM IV is up over 1 point on the day. Earnings are expected on July 22nd.
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