Shares of MGM are down .14 to 12.81 today.? MGM is trading $2 off of its 52-week highs.
A large put spread traded 5,300 times, selling the MGM Jan 12.5 puts and buying Feb 13 puts for .44.? The put spread continued to trade in smaller block sizes.?? Average contract volume is 20,625 per day in the name.? Open interest was over 26,000 on the Jan puts and less than 700 on the Feb puts. This position looks like a protective/speculative put roll with Feb opening.? January volatility is down 1 pt today.
30-day implied volatility is 36%.?? 10-day implied volatility is 33%.? 30 Day Implied volatility is trading about even with? the 10 day historical volatility. ?
MGM Resorts International is a holding company. The Company is a hospitality company. Its primary business is the ownership and operation of casino resorts, which includes offering gaming, hotel, convention, dining, entertainment, retail and other resort amenities.