MGM Resorts call volume above normal and directionally bullish

Bullish option flow detected in MGM Resorts (MGM) with 19,404 calls trading, 4x expected, and implied vol increasing over 4 points to 44.79%. 10/24 weekly 38 calls and 10/3 weekly 37.5 calls are the most active options, with total volume in those strikes near 14,900 contracts. The Put/Call Ratio is 0.21. Earnings are expected on October 29th.