Bearish flow noted in MGM Resorts (MGM) with 5,555 puts trading, or 1.8x expected. Most active are 2/28 weekly 36.5 puts and 2/28 weekly 37.5 calls, with total volume in those strikes near 6,100 contracts. The Put/Call Ratio is 1.56, while ATM IV is up over 1 point on the day. Earnings are expected on April 30th.
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