|Bid||20.29 x 1000|
|Ask||20.45 x 900|
|Day's Range||20.00 - 20.50|
|52 Week Range||12.83 - 23.65|
|Beta (5Y Monthly)||1.83|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 28, 2020|
|1y Target Est||N/A|
Yahoo Finance’s Brian Sozzi, Myles Udland, and Julie Hyman speak with Hard Rock Casino CEO Jim Allen about the state of the industry and outlook amid COVID-19.
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Shares of Melco Resorts and Enter (NASDAQ:MLCO) saw some unusual options activity on Thursday. Following the unusual option alert, the stock price moved up to $21.64. Sentiment: BEARISH Option Type: SWEEP Trade Type: PUT Expiration Date: 2021-04-16 Strike Price: $18.00 Volume: 1656 Open Interest: 6579 Three Indications Of Unusual Options Activity Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts traded over a given time period when discussing options market activity. The number of contracts that have been traded, but not yet closed by either counterparty, is called open interest. A contract cannot be considered closed until there exists both a buyer and seller for it. Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset. Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin. Understanding Sentiment Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock. Trading Options With These Strategies Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account. For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts See more from BenzingaClick here for options trades from Benzinga12 Consumer Discretionary Stocks Moving In Wednesday's After-Market SessionStocks That Hit 52-Week Highs On Wednesday© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.