Bearish flow noted in MGM Resorts (MGM) with 2,358 puts trading, or 1.5x expected. Most active are 10/31 weekly 32.5 puts and 10/31 weekly 32 puts, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 2.00, while ATM IV is up over 2 points on the day. Earnings are expected on October 29th.
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