Bullish option flow detected in Melco Resorts (MLCO) with 5,943 calls trading, 3x expected, and implied vol increasing almost 5 points to 72.89%. Apr-25 8 calls and 11/8 weekly 7.5 calls are the most active options, with total volume in those strikes near 5,500 contracts. The Put/Call Ratio is 0.00. Earnings are expected on November 5th.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLCO:
- Macau reports October casino revenue up 6.6% to 20.79B patacas
- Melco Resorts Schedules Q3 Financial Results Announcement
- Melco Resorts price target lowered to $10 from $11 at Susquehanna
- Bet On It: Diamond Sports and FanDuel reach naming rights agreement
- Melco Resorts downgraded to Neutral from Buy at BofA