MGM Resorts call volume above normal and directionally bullish

Bullish option flow detected in MGM Resorts (MGM) with 7,604 calls trading, 1.1x expected, and implied vol increasing almost 3 points to 33.61%. 12/13 weekly 37.5 calls and 12/13 weekly 38 calls are the most active options, with total volume in those strikes near 5,300 contracts. The Put/Call Ratio is 0.27. Earnings are expected on February 12th.

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