Bearish flow noted in MGM Resorts with 9,479 puts trading, or 2x expected. Most active are Jun-23 43 puts and 3/10 weekly 42 puts, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 1.66, while ATM IV is up over 1 point on the day. Earnings are expected on May 1st.
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