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Melco Resorts call volume above normal and directionally bullish

Bullish option flow detected in Melco Resorts with 6,870 calls trading, 3x expected, and implied vol increasing almost 2 points to 69.19%. Mar-24 9 calls and Mar-24 10 calls are the most active options, with total volume in those strikes near 4,600 contracts. The Put/Call Ratio is 0.02. Earnings are expected on February 29th.

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