Bearish flow noted in MGM Resorts (MGM) with 1,450 puts trading, or 1.0x expected. Most active are Dec-25 34 puts and Mar-26 30 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 2.19, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 11th.
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