Bullish option flow detected in Melco Resorts with 8,802 calls trading, 3x expected, and implied vol increasing almost 5 points to 57.38%. Dec-23 7.5 calls and 12/8 weekly 7 calls are the most active options, with total volume in those strikes near 7,500 contracts. The Put/Call Ratio is 0.07. Earnings are expected on February 29th.
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