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MGM Resorts put volume heavy and directionally bearish
The Fly

MGM Resorts put volume heavy and directionally bearish

Bearish flow noted in MGM Resorts with 4,039 puts trading, or 1.2x expected. Most active are 10/4 weekly 39 puts and 10/4 weekly 40 calls, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.83, while ATM IV is up over 1 point on the day. Earnings are expected on November 6th.

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