Bearish flow noted in MGM Resorts (MGM) with 3,251 puts trading, or 1.9x expected. Most active are 12/27 weekly 34 puts and 12/27 weekly 35 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 4.22, while ATM IV is up over 4 points on the day. Earnings are expected on February 12th.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGM:
- Bet On It: South Carolina advances legalized sports betting efforts
- MGM Resorts price target raised to $49 from $48 at Deutsche Bank
- Bet On It: Gambling.com to acquire Odds Holdings for $80M upfront
- MGM Resorts management to meet virtually with Truist
- MGM Resorts price target lowered to $46 from $50 at Barclays