Bearish flow noted in MGM Resorts (MGM) with 5,877 puts trading, or 1.8x expected. Most active are Apr-25 27.5 puts and 4/11 weekly 27.5 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 1.66, while ATM IV is up over 7 points on the day. Earnings are expected on April 30th.
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