Bearish flow noted in MGM Resorts (MGM) with 2,430 puts trading, or 4x expected. Most active are 9/5 weekly 37.5 puts and Jun-26 45 calls, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 1.63, while ATM IV is up over 5 points on the day. Earnings are expected on October 29th.
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