Bullish option flow detected in MGM Resorts (MGM) with 19,997 calls trading, 11x expected, and implied vol increasing over 2 points to 36.99%. 6/27 weekly 34.5 calls and 6/27 weekly 34 calls are the most active options, with total volume in those strikes near 19,400 contracts. The Put/Call Ratio is 0.02. Earnings are expected on July 30th.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGM:
- General Mills upgraded, Trade Desk downgraded: Wall Street’s top analyst calls
- MGM Resorts downgraded to Market Perform from Outperform at Citizens JMP
- Truist views NJ gaming tax compromise as ‘manageable’
- NJ state budget proposes tax hike on online betting, NJ.com reports
- MGM Resorts initiated with a Neutral at JPMorgan