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MGM Resorts call volume above normal and directionally bullish

Bullish option flow detected in MGM Resorts with 6,767 calls trading, 1.5x expected, and implied vol increasing over 1 point to 31.89%. Mar-24 40 calls and 2/23 weekly 43 calls are the most active options, with total volume in those strikes near 3,100 contracts. The Put/Call Ratio is 0.15. Earnings are expected on May 8th.

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