Bullish option flow detected in MGM Resorts with 15,812 calls trading, 4x expected, and implied vol increasing over 6 points to 45.14%. 10/4 weekly 40 calls and 10/11 weekly 38.5 calls are the most active options, with total volume in those strikes near 13,300 contracts. The Put/Call Ratio is 0.02. Earnings are expected on October 30th.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MGM:
- MGM Resorts price target lowered to $52 from $57 at Deutsche Bank
- Macau reports September casino revenue up 15.5% to 17.25B patacas
- MGM Resorts put volume heavy and directionally bearish
- Early notable gainers among liquid option names on September 27th
- Nevada reports August statewide gaming win down 3.8% to $1.16B