Bearish flow noted in MGM Resorts (MGM) with 2,901 puts trading, or 1.3x expected. Most active are Oct-25 33 puts and 10/24 weekly 32.5 puts, with total volume in those strikes near 1,300 contracts. The Put/Call Ratio is 3.33, while ATM IV is up over 2 points on the day. Earnings are expected on October 29th.
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