Wynn Resorts put volume heavy and directionally bearish
The Fly

Wynn Resorts put volume heavy and directionally bearish

Bearish flow noted in Wynn Resorts with 17,238 puts trading, or 1.1x expected. Most active are Jan-24 75 puts and Dec-23 90 calls, with total volume in those strikes near 12,900 contracts. The Put/Call Ratio is 1.55, while ATM IV is up over 1 point on the day. Earnings are expected on February 7th.

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