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MGM Resorts call volume above normal and directionally bullish

Bullish option flow detected in MGM Resorts with 5,004 calls trading, 1.7x expected, and implied vol increasing over 1 point to 28.40%. Jun-24 38 calls and Jun-24 40 calls are the most active options, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 0.16. Earnings are expected on August 7th.

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