20000 MGM Jun16 30 calls over Jan19 2018 35 calls went up in 2 blocks on the ARCA marked spread
Shares MGM Resorts Intl.? (MGM) are up .57 to 28.98 today.? MGM is near the top of the 52 week range.
- Paper traded 20000 MGM Jun16 30 calls over Jan19 2018 35 calls.
- The ADV is 24k contracts.? ?
- The open interest is 35968 and 5800 on the calls.
The volume went up in 2 blocks on the ARCA marked spread..? This trade could be a call roll where the Jun 30s are buy to close with the Jan?s sell to open.? Check the OI on the Jun cycle tomorrow.? Most likely this is a buy write? type of roll looking for yield.
- IV 30 is trading for 31%.?
- HV10 is trading for 19%.?
- IV 30 is above the HV 10.
MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities