Bearish flow noted in Caesars (CZR) with 6,090 puts trading, or 1.7x expected. Most active are 2/28 weekly 37 puts and 2/28 weekly 34 puts, with total volume in those strikes near 2,600 contracts. The Put/Call Ratio is 2.00, while ATM IV is up nearly 3 points on the day. Earnings are expected on February 25th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CZR:
- Optimistic Outlook for Caesars Entertainment: Buy Rating Amid Short-Term Challenges with Promising Future Growth
- Casino Stocks Follow Suit after MGM Resorts (NYSE:MGM) Soars on Q4 Raise
- Minnesota sports betting bill doesn’t advance, Covers’ Butler reports
- Early notable gainers among liquid option names on February 13th
- New Jersey reports $168.7M in total wagers on Super Bowl LIX, up 19%