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.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGM:
- Judge lets Massachusetts bar Kalshi from sports-event contracts, Bookies says
- MGM Resorts Approves Long-Term Compensation Package for CLO
- MGM Resorts downgraded to Underweight from Equal Weight at Morgan Stanley
- Midday Fly By: JPMorgan reports mixed Q4, L3Harris to form new missile company
- MGM Resorts downgraded to Hold from Buy at Truist