Bullish option flow detected in Melco Resorts with 4,616 calls trading, 3x expected, and implied vol increasing over 1 point to 64.70%. 1/26 weekly 8 calls and Jan-24 8 calls are the most active options, with total volume in those strikes near 4,100 contracts. The Put/Call Ratio is 0.01. Earnings are expected on February 29th.
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