Bullish option flow detected in Melco Resorts with 5,213 calls trading, 4x expected, and implied vol increasing over 1 point to 54.69%. May-24 7.5 calls and May-24 8 calls are the most active options, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 0.01. Earnings are expected on August 1st.
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