Bearish flow noted in MGM Resorts with 20,329 puts trading, or 9x expected. Most active are 2/10 weekly 36 puts and 2/3 weekly 42 calls, with total volume in those strikes near 17,800 contracts. The Put/Call Ratio is 2.95, while ATM IV is up over 1 point on the day. Earnings are expected on February 8th.
Published first on TheFly
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