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.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MLCO: