Our Hot Money scanner spotted a new bullish alert in Melco Resorts and Entertainment Ltd. (MLCO).

Options volume is 200% higher than the average daily traded with buyers in the April expiration.

Here's what I'm doing…

Buy-to-open the MLCO Apr. 14, 2022, $15 call

At last glance, this is trading around $0.35 per contract.

As always, I'm averaging into this position and managing risk before entry.

I’ll keep you updated every step of the way.