Bearish flow noted in MGM Resorts (MGM) with 1,407 puts trading, or 1.3x expected. Most active are Feb-26 36 puts and 2/27 weekly 35 puts, with total volume in those strikes near 1,100 contracts. The Put/Call Ratio is 4.64, while ATM IV is up over 5 points on the day. Earnings are expected on April 29th.
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