NEW YORK (AVAFIN) -- Melco Crown Entertainment options set a new 90-day record for the number of contracts that exchanged hands between
the buyers and the sellers on both the call and put side. Aggregate volume of puts was 3,692 and
calls were 28,912 equating to a 0.13 put/call ratio.
Investors use options to manage risk and to speculate on price changes. Options can provide
significant leverage if the stock moves in the right direction but aslo end up worthless if it
doesn't.
MPEL is trading above the 50 day moving average and higher than
the 200 day moving average. Melco Crown Entertainment opened at $14.49 and the stock price declined $1.19 (7.71%)
to $14.19 during the market session. MPEL is trading between the range of $13.95 - $14.61.
Performance indicators show that the stock has gained 1.32% within the last week.
Melco Crown Entertainment, Ltd. is a holding Company, which through its subsidiaries, develops, owns and operates casino gaming and entertainment resort facilities focused on the Macau market.
