Bearish flow noted in MGM Resorts (MGM) with 17,310 puts trading, or 3x expected. Most active are Apr-25 38 puts and Jun-25 39 puts, with total volume in those strikes near 10,100 contracts. The Put/Call Ratio is 2.65, while ATM IV is up over 1 point on the day. Earnings are expected on April 30th.
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