Bearish flow noted in MGM Resorts (MGM) with 1,196 puts trading, or 1.2x expected. Most active are Feb-26 31 puts and Mar-26 32 puts, with total volume in those strikes near 870 contracts. The Put/Call Ratio is 1.51, while ATM IV is up over 1 point on the day. Earnings are expected on February 11th.
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