Bearish flow noted in Melco Resorts (MLCO) with 2,524 puts trading, or 3x expected. Most active are 2/14 weekly 5.5 puts and Jan-27 5 calls, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 2.02, while ATM IV is up over 1 point on the day. Earnings are expected on February 27th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLCO:
- Melco Resorts downgraded to Neutral from Buy at Citi
- Melco Resorts price target lowered to $9 from $10 at Susquehanna
- Macau reports January casino revenue down 5.6% to 18.25B patacas
- Melco Resorts price target lowered to $6.20 from $9.20 at BofA
- Macau reports December casino revenue down 2% to 18.2B patacas