Bearish flow noted in Wynn Resorts (WYNN) with 2,942 puts trading, or 1.9x expected. Most active are Jan-26 120 puts and 12/12 weekly 118 puts, with total volume in those strikes near 710 contracts. The Put/Call Ratio is 1.55, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 12th.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WYNN:
- Early notable gainers among liquid option names on December 1st
- Macau reports November casino revenue up 14.4% to 21.09B patacas
- Wynn Resorts added to US Conviction List at Goldman Sachs
- Nevada reports October statewide gaming win up 4.95% to $1.35B
- Wynn Resorts price target raised to $132 from $130 at Morgan Stanley