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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGM:
- MGM Resorts price target raised to $41 from $39 at Morgan Stanley
- MGM Resorts (MGM) Says U.S.-Canada Hockey Game Drew Record Betting Action
- MGM Resorts put volume heavy and directionally bearish
- Sector Spotlight: Sports betting operators shine as $1.39B wagered on Super Bowl
- AMD downgraded, Roku upgraded: Wall Street’s top analyst calls