Bearish flow noted in Melco Resorts with 7,607 puts trading, or 51x expected. Most active are 10/11 weekly 7.5 puts and Oct-24 7.5 puts, with total volume in those strikes near 7,200 contracts. The Put/Call Ratio is 9.58, while ATM IV is up over 2 points on the day. Earnings are expected on November 7th.
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