Bearish flow noted in MGM Resorts (MGM) with 3,251 puts trading, or 1.9x expected. Most active are 12/27 weekly 34 puts and 12/27 weekly 35 puts, with total volume in those strikes near 3,000 contracts. The Put/Call Ratio is 4.22, while ATM IV is up over 4 points on the day. Earnings are expected on February 12th.
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