Bearish flow noted in Wynn Resorts (WYNN) with 14,095 puts trading, or 4x expected. Most active are Sep-25 50 puts and Sep-25 55 puts, with total volume in those strikes near 3,800 contracts. The Put/Call Ratio is 1.74, while ATM IV is up over 10 points on the day. Earnings are expected on May 7th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WYNN:
- AppLovin Will Gamble on TikTok, If Casino Mogul Steve Lynn Agrees to Fund the Deal
- Consensus forms for California sports betting legalization, Casino Reports says
- Macau reports March casino revenue up 0.8% to 19.66B patacas
- Nevada reports February statewide gaming win down 9.28% to $1.217B
- Insider Moves: Schwab, Ulta, Clean Energy, Best Buy, Wynn