Melco Crown Entertainment Ltd (MPEL) $2.59 -8.16%
Melco Crown Entertainment (MPEL, news, chart, volatility) options activity is running 6 times the usual, with 14,000 puts and 710 calls traded. The April 2.5 puts are the most actives. An investor bought 12,600 contracts at $1.10. With the stock down 15 cents to $2.67 and existing open interest of 13,207, this appears closing. A block of 12,600 MPEL April 2.5 puts traded on the bid for 45 cents a contract when the stock was at $3.94 on November 10.
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
