Bullish option flow detected in Melco Resorts with 5,258 calls trading, 4x expected, and implied vol increasing over 1 point to 57.63%. Apr-24 11 calls and Jan-24 9 calls are the most active options, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 0.03. Earnings are expected on February 29th.
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