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Wynn Resorts put volume heavy and directionally bearish

Bearish flow noted in Wynn Resorts (WYNN) with 1,671 puts trading, or 1.1x expected. Most active are 1/10 weekly 84 puts and Feb-25 75 puts, with total volume in those strikes near 970 contracts. The Put/Call Ratio is 1.93, while ATM IV is up over 4 points on the day. Earnings are expected on February 5th.

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