Tour v526
MGM
MGM RESORTS INTL
$43.17 -0.12%
$43.40 (+0.53%)🌙
as of 08/20 06:48 PM
8/20 18:48

Option Volume

Detail
Current (08/20) 6,141
Calls: 4,771 (78%)
Puts: 1,370 (22%)
Prior (08/19) 5,419
Calls: 2,496 (46%)
Puts: 2,923 (54%)
Current vs Prior +13.32%
Calls: +91.15% (Calls)
Puts: -53.13% (Puts)
Prior 7-Day Total 50,619
Calls: 26,142 (52%)
Puts: 24,477 (48%)
Prior 7-Day Average 7,231
Calls: 3,734 (52%)
Puts: 3,496 (48%)
Current vs Prior 7-Day Avg -15.08%
Calls: +27.75%
Puts: -60.82%
Sentiment BULLISH

Dollar Volume

Detail
Current (08/20) $894.6K
Calls: $745.3K (83%)
Puts: $149.3K (17%)
Prior (08/19) $879.1K
Calls: $405.4K (46%)
Puts: $473.8K (54%)
Current vs Prior +1.76%
Calls: +83.87%
Puts: -68.48%
Prior 7-Day Total $7.60M
Calls: $4.19M (55%)
Puts: $3.41M (45%)
Prior 7-Day Average $1.09M
Calls: $598.0K (55%)
Puts: $487.4K (45%)
Current vs Prior 7-Day Avg -17.58%
Calls: +24.62%
Puts: -69.36%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/20) 0.29
Prior (08/19) 1.17
Current vs Prior -75.48%
Prior 7-Day Average 0.85
Current vs Prior 7-Day Avg -66.39%
Sentiment BULLISH

Open Interest

Detail
Current (08/20) 55,670
Calls: 32,297 (58%)
Puts: 23,373 (42%)
Prior (08/19) 49,533
Calls: 26,733 (54%)
Puts: 22,800 (46%)
Current vs Prior +12.39%
Prior 7-Day Total 359,881
Calls: 267,305 (74%)
Puts: 92,576 (26%)
Prior 7-Day Average 51,411
Calls: 38,186 (74%)
Puts: 13,225 (26%)
Current vs Prior 7-Day Avg +8.28%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 3.27% | 4.24%3.27% | 8.01%
Prior 2.38% | 5.39%2.38% | 7.64%
Current vs Prior +37.05% | -21.37%+37.05% | +4.97%
Prior 7-Day Avg 3.23% | 5.03%3.94% | 8.28%
Current vs 7-Day Avg +1.16% | -15.65%-17.15% | -3.24%
Prior 7-Day Eod 2.38% | 5.39%2.38% | 7.64%
Current vs 7-Day Eod +37.05% | -21.37%+37.05% | +4.97%
Sentiment BEARISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 88.00% | 154.02%
Calls: 88.00% | 113.45%
Puts: -- | --
Prior 88.00% | 154.02%
Calls: 88.00% | 113.45%
Puts: -- | --
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 88.00% | 154.02%
Calls: 88.00% | 113.45%
Puts: 88.00% | 194.58%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 83% of dollar volume in calls ($745.3K) vs puts ($149.3K). Extreme bullish P/C ratio of 0.29 - heavy call buying (4,771 calls vs 1,370 puts). P/C ratio dropping 75% - sentiment shifting bullish.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top -- of results (avg --%, best --%)

No options available for this category

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 23 found (avg delta 0.73, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 212.953.30$3.1311.2%3400.971.0K
$39.00Sep 183.904.90$4.4022.7%10.85--
$35.00Aug 217.508.40$7.9511.3%10.84--
$40.50Sep 42.653.50$3.0827.6%10.81--
$40.00Sep 183.503.90$3.7010.8%200.806.5K
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$44.00Aug 210.751.00$0.8828.4%8671.003.6K
$46.00Aug 212.753.60$3.1826.7%11.00--
$45.00Aug 211.702.50$2.1038.1%110.82410
$45.50Aug 211.954.60$3.2880.8%10.70--
$45.00Sep 182.403.10$2.7525.5%80.691.2K

Most actively traded options today. High liquidity = easy entry/exit. 54 active (total vol 2.8K, top 867)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Aug 210.251.30$0.78134.6%5110.62118
$40.00Aug 212.953.30$3.1311.2%3400.971.0K
$45.00Aug 280.100.25$0.1883.3%1520.1752
$44.00Aug 210.000.25$0.13192.3%1260.252.9K
$46.00Aug 280.002.15$1.08199.1%750.32--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$44.00Aug 210.751.00$0.8828.4%8671.003.6K
$42.00Aug 210.000.25$0.13192.3%2090.16454
$42.00Sep 180.751.15$0.9542.1%230.361.9K
$43.00Sep 40.701.20$0.9552.6%120.482
$45.00Aug 211.702.50$2.1038.1%110.82410

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 8 strikes (avg 127.3%, max 228.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$45.00Aug 21Sep 1895.6%29.1%228.9%371.7K
$45.50Aug 21Sep 4174.9%65.7%166.1%76274
$43.00Aug 21Sep 1862.8%29.2%114.8%547362
$44.00Aug 21Sep 1839.6%30.0%32.0%1272.9K
$42.00Aug 28Sep 1832.7%29.8%9.7%451.8K
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$45.00Aug 21Sep 1895.6%29.1%228.9%191.6K
$42.00Aug 21Sep 1866.7%29.8%123.5%2322.3K
$43.00Aug 21Sep 1862.8%29.2%114.8%6890

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 22 found (best R:R 1.86, avg 3.45)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$40.50$45.50Sep 4$1.75$3.25$1.7581%1.86$42.25
$41.00$42.00Sep 18$0.43$0.57$0.4373%1.33$41.43
$42.00$43.00Aug 28$0.58$0.42$0.5872%0.72$42.58
$44.00$45.00Sep 18$0.37$0.63$0.3742%1.70$44.37
$48.00$49.00Sep 18$0.15$0.85$0.1516%5.67$48.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$42.50$39.50Aug 28$0.22$2.78$0.2239%12.64$42.28
$44.00$43.50Aug 21$0.25$0.25$0.25100%1.00$43.75
$39.00$36.00Sep 18$0.12$2.88$0.1215%24.00$38.88
$41.00$40.00Sep 18$0.17$0.83$0.1727%4.88$40.83
$44.00$43.50Sep 4$0.26$0.24$0.2662%0.92$43.74

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 12 found (best R:R 1.88, avg 0.54)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$47.50$49.00Aug 21$0.98$0.98$0.5271%1.88$48.48
$44.00$45.00Aug 28$0.60$0.60$0.4061%1.50$44.60
$45.00$46.00Sep 18$0.28$0.28$0.7269%0.39$45.28
$48.00$49.00Sep 18$0.15$0.15$0.8584%0.18$48.15
$44.00$45.00Sep 18$0.37$0.37$0.6358%0.59$44.37
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$43.00$42.00Aug 21$0.25$0.25$0.7560%0.33$42.75
$43.00$42.00Sep 18$0.43$0.43$0.5753%0.75$42.57
$42.00$41.00Sep 18$0.30$0.30$0.7064%0.43$41.70
$40.00$39.00Sep 18$0.13$0.13$0.8780%0.15$39.87
$41.00$40.00Sep 18$0.17$0.17$0.8373%0.20$40.83

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $0.45, cheapest $0.42)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$45.50Aug 21Aug 28$0.42174.9%83.1%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$43.00Aug 21Aug 28$0.3062.8%27.5%
$43.50Aug 21Sep 4$0.6446.0%28.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 14 found (cheapest 2.34% of stock, avg 6.71%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$44.00Aug 21$0.13$0.88$1.01$42.99$45.012.34%
$43.00Aug 21$0.78$0.38$1.16$41.84$44.162.69%
$43.00Aug 28$0.75$0.68$1.43$41.57$44.433.31%
$44.00Aug 28$0.78$1.48$2.26$41.74$46.265.24%
$45.00Aug 21$0.28$2.10$2.38$42.62$47.385.51%
$44.00Sep 18$1.05$1.88$2.93$41.07$46.936.79%
$43.00Sep 18$1.58$1.38$2.96$40.04$45.966.86%
$46.00Aug 21$0.03$3.18$3.21$42.79$49.217.44%
$42.00Sep 18$2.40$0.95$3.35$38.65$45.357.76%
$45.00Sep 18$0.68$2.75$3.43$41.57$48.437.95%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 48 found (cheapest 0.53% of stock, avg 2.86%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$49.00$42.00Aug 21$0.10$0.13$0.23$41.77$49.23
$44.00$42.00Aug 21$0.13$0.13$0.26$41.74$44.26
$45.00$42.00Aug 21$0.28$0.13$0.41$41.59$45.41
$45.00$39.50Aug 28$0.18$0.38$0.56$38.94$45.56
$44.00$43.00Aug 21$0.13$0.38$0.51$42.49$44.51
$49.00$43.00Aug 21$0.10$0.38$0.48$42.52$49.48
$48.00$39.00Sep 18$0.38$0.35$0.73$38.27$48.73
$47.00$39.00Sep 18$0.38$0.35$0.73$38.27$47.73
$45.00$43.00Aug 21$0.28$0.38$0.66$42.34$45.66
$46.00$39.00Sep 18$0.40$0.35$0.75$38.25$46.75

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 6 found (best R:R 0.39, avg credit $0.35)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
39/4048/49Sep 18$0.28$0.7264%0.39$39.72$48.28
39/4045/46Sep 18$0.41$0.5949%0.69$39.59$45.41
40/4148/49Sep 18$0.32$0.6857%0.47$40.68$48.32
40/4145/46Sep 18$0.45$0.5542%0.82$40.55$45.45
36/3948/49Sep 18$0.27$2.7369%0.10$38.73$48.27
36/3945/46Sep 18$0.40$2.6054%0.15$38.60$45.40

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 12 found (best R:R 13.29, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$44.00$45.00$46.00Sep 18$0.09$0.9120%10.11
$43.00$44.00$45.00Sep 18$0.16$0.8422%5.25
$48.00$49.00$50.00Sep 18$0.12$0.887%7.33
$42.00$43.00$44.00Sep 18$0.29$0.7122%2.45
$45.00$46.00$47.00Sep 18$0.26$0.7413%2.85
PUTS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$42.00$43.00$44.00Sep 18$0.07$0.9322%13.29
$41.00$42.00$43.00Sep 18$0.13$0.8720%6.69
$40.00$41.00$42.00Sep 18$0.13$0.8716%6.69
$43.00$44.00$45.00Sep 18$0.37$0.6321%1.70

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 30 found (best net $-0.21, 21 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$41.501:2Aug 28-$0.21$1.29
$42.00$43.001:2Aug 28-$0.17$0.83
$45.00$46.001:2Sep 18-$0.12$0.88
$48.00$49.001:2Sep 18-$0.08$0.92
$44.00$45.001:2Sep 18-$0.31$0.69
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$42.50$39.501:2Aug 28-$0.16$2.84
$39.00$36.001:2Sep 18-$0.11$2.89
$43.50$43.001:2Aug 21-$0.13$0.37
$44.00$43.501:2Aug 21-$0.38$0.12
$42.00$41.001:2Sep 18-$0.35$0.65

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 7 found (best yield 1.62%, avg 0.61%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$44.00Sep 18$0.700.421.9%1.62%3.54%1--
$45.50Sep 4$0.200.365.4%0.46%5.86%60--
$45.00Sep 18$0.450.314.2%1.04%5.28%361.7K
$46.00Sep 18$0.200.216.6%0.46%7.02%3--
$47.00Sep 18$0.100.188.9%0.23%9.10%1--
$44.00Aug 28$0.100.391.9%0.23%2.15%17328
$45.00Aug 28$0.100.174.2%0.23%4.47%15252

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 4,771
Total Puts 1,370
Put/Call Ratio 0.29
Net Difference 3,401

Prior's Put/Call Breakdown

Total Calls 2,496
Total Puts 2,923
Put/Call Ratio 1.17
Net Difference -427

Prior 7-Day Put/Call Summary

Total Calls 26,142
Total Puts 24,477
Average Put/Call Ratio 0.85
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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