15000 MGM Nov 20/23 put spreads went up in 2 blocks on the PHLX.?
Shares of MGM Resorts International (MGM) are down .42 to 24.67.? MGM is near the top of 52 week range.
- Paper traded 15000 MGM Nov 20/23 put spreads for .52.?
- The ADV is 10435 contracts.? ?
- The open interest is less than? 500 contracts.
The volume went up in 2 blocks on the PHLX.? The trader could be hedging a stock position or this could be an outright downside spec since MGM is trading near year highs.? The trade looks bearish as printed.
- IV 30 is trading for 30%.?
- HV10 is trading for 21%.?
- IV 30 is above the HV 10.
MGM Resorts International is a holding company. The Company owns and operates casino resorts. It operates in two segments: wholly owned domestic resorts and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It has additional business activities, including its investments in unconsolidated affiliates, and other corporate and management operations. Its wholly owned domestic resorts consisted of casino resorts in Las Vegas, Nevada, which includes Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New York, Excalibur, Monte Carlo and Circus Circus Las Vegas.