Melco Resorts and Enter Option Alert: Nov 17 $10 Calls Sweep (41) near the Ask: 2322 @ $0.151 vs 541 OI; Earnings 11/1 Before Open [est] Ref=$8.45
Portfolio Pulse from Charles Gross
Melco Resorts has an option alert for November 17 $10 calls sweep near the ask with 2322 contracts at $0.151 versus 541 open interest. The company's earnings are expected on November 1 before the market opens.
October 17, 2023 | 6:03 pm
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NEUTRAL IMPACT
Increased activity in Melco Resorts' options could indicate that investors are expecting significant price movement in the near term. The company's earnings report on November 1 will likely influence the stock's price.
The increased activity in Melco Resorts' options, specifically the November 17 $10 calls, suggests that investors are expecting significant price movement. The direction of this movement is uncertain, hence the neutral score. The upcoming earnings report on November 1 will likely influence the stock's price, hence the high relevance and importance scores.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100