Bearish flow noted in MGM Resorts with 4,549 puts trading, or 1.7x expected. Most active are Jul-24 46 puts and Jul-24 46.5 puts, with total volume in those strikes near 2,500 contracts. The Put/Call Ratio is 1.59, while ATM IV is up over 1 point on the day. Earnings are expected on July 31st.
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