Bearish flow noted in Melco Resorts with 4,701 puts trading, or 13x expected. Most active are Apr-24 7 puts and 2/23 weekly 9 puts, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 3.15, while ATM IV is up over 1 point on the day. Earnings are expected on February 29th.
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