Tour v526
MGM
MGM RESORTS INTL
$43.74 +1.32%
$43.70 (-0.09%)🌙
as of 08/21 06:49 PM
8/21 18:49

Option Volume

Detail
Current (08/21) 7,482
Calls: 2,577 (34%)
Puts: 4,905 (66%)
Prior (08/20) 6,141
Calls: 4,771 (78%)
Puts: 1,370 (22%)
Current vs Prior +21.84%
Calls: -45.99% (Calls)
Puts: +258.03% (Puts)
Prior 7-Day Total 53,062
Calls: 28,138 (53%)
Puts: 24,924 (47%)
Prior 7-Day Average 7,580
Calls: 4,019 (53%)
Puts: 3,560 (47%)
Current vs Prior 7-Day Avg -1.30%
Calls: -35.89%
Puts: +37.76%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/21) $1.14M
Calls: $595.6K (52%)
Puts: $546.0K (48%)
Prior (08/20) $894.6K
Calls: $745.3K (83%)
Puts: $149.3K (17%)
Current vs Prior +27.61%
Calls: -20.08%
Puts: +265.68%
Prior 7-Day Total $7.86M
Calls: $4.39M (56%)
Puts: $3.47M (44%)
Prior 7-Day Average $1.12M
Calls: $627.7K (56%)
Puts: $495.3K (44%)
Current vs Prior 7-Day Avg +1.66%
Calls: -5.10%
Puts: +10.24%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (08/21) 1.90
Prior (08/20) 0.29
Current vs Prior +562.85%
Prior 7-Day Average 0.85
Current vs Prior 7-Day Avg +124.43%
Sentiment BEARISH

Open Interest

Detail
Current (08/21) 65,895
Calls: 42,964 (65%)
Puts: 22,931 (35%)
Prior (08/20) 55,670
Calls: 32,297 (58%)
Puts: 23,373 (42%)
Current vs Prior +18.37%
Prior 7-Day Total 355,047
Calls: 247,908 (70%)
Puts: 107,139 (30%)
Prior 7-Day Average 50,721
Calls: 35,415 (70%)
Puts: 15,305 (30%)
Current vs Prior 7-Day Avg +29.92%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/21) | Next (08/28)Expiry (08/21) | Next (09/18)
Current 2.24% | 3.48%2.24% | 8.41%
Prior 3.27% | 4.24%3.27% | 8.01%
Current vs Prior +6.40% | +29.44%-31.40% | +4.97%
Prior 7-Day Avg 3.04% | 4.95%3.73% | 8.23%
Current vs 7-Day Avg +14.27% | +10.82%-39.92% | +2.23%
Prior 7-Day Eod 3.27% | 4.24%3.27% | 8.01%
Current vs 7-Day Eod +6.40% | +29.44%-31.40% | +4.97%
Sentiment BEARISHBULLISH

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

Extreme bearish P/C ratio of 1.90 - heavy put buying. P/C ratio rising 563% - increased hedging/bearish positioning. Call-heavy open interest (42,964 calls vs 22,931 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
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. 19 found (avg delta 0.69, highest 0.97)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.00Aug 213.203.90$3.5519.7%2910.97432
$35.00Aug 218.109.00$8.5510.5%20.84--
$40.00Sep 183.604.50$4.0522.2%110.806.6K
$40.50Aug 212.103.50$2.8050.0%10.79--
$43.00Aug 210.151.05$0.60150.0%10.74609
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Aug 212.003.00$2.5040.0%20.88--
$46.00Sep 182.703.40$3.0523.0%10.75772
$45.00Sep 182.003.20$2.6046.2%10.63--
$45.00Aug 211.102.25$1.6868.5%100.60232
$44.00Aug 210.051.15$0.60183.3%1.9K0.572.8K

Most actively traded options today. High liquidity = easy entry/exit. 55 active (total vol 5.6K, top 2.1K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 180.501.30$0.9088.9%3240.371.7K
$40.00Aug 213.203.90$3.5519.7%2910.97432
$45.00Aug 280.150.50$0.33106.1%1250.24192
$44.00Aug 280.350.90$0.6387.3%430.40334
$46.00Sep 40.200.45$0.3375.8%200.2132
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Sep 181.151.95$1.5551.6%2.1K0.434.5K
$44.00Aug 210.051.15$0.60183.3%1.9K0.572.8K
$40.00Sep 180.400.80$0.6066.7%5030.20974
$44.00Sep 181.601.95$1.7819.7%620.52616
$42.00Sep 180.601.30$0.9573.7%290.331.9K

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 10 strikes (avg 2004.0%, max 5776.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$47.00Aug 21Sep 181720.5%29.3%5776.2%3188
$45.00Aug 21Sep 181213.6%30.6%3865.1%3293.0K
$44.50Aug 21Sep 4596.0%28.0%2027.7%6253
$44.00Aug 21Sep 4388.2%37.2%944.8%32.7K
$43.00Aug 21Sep 18373.3%38.4%870.9%16854
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$45.00Aug 21Sep 181213.6%30.6%3865.1%11232
$44.00Aug 21Sep 18388.2%35.0%1010.0%1.9K3.4K
$43.00Aug 21Sep 18373.3%38.4%870.9%2.1K4.5K
$43.50Aug 21Aug 28171.1%37.7%354.1%43160

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 21 found (best R:R 1.22, avg 3.42)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$47.00$50.00Sep 18$0.12$2.88$0.1219%24.00$47.12
$43.00$43.50Aug 21$0.22$0.28$0.2274%1.27$43.22
$43.00$43.50Aug 28$0.16$0.34$0.1671%2.12$43.16
$44.50$46.00Sep 4$0.24$1.26$0.2436%5.25$44.74
$46.00$47.00Sep 18$0.10$0.90$0.1024%9.00$46.10
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$46.00$45.00Sep 18$0.45$0.55$0.4575%1.22$45.55
$44.00$43.00Sep 18$0.23$0.77$0.2352%3.35$43.77
$42.00$41.00Sep 18$0.27$0.73$0.2733%2.70$41.73
$44.00$43.50Aug 21$0.22$0.28$0.2257%1.27$43.78
$44.00$43.00Sep 4$0.47$0.53$0.4754%1.13$43.53

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 12 found (best R:R 0.54, avg 0.49)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$50.00$51.00Aug 21$0.35$0.35$0.6585%0.54$50.35
$45.00$46.00Sep 18$0.45$0.45$0.5563%0.82$45.45
$44.50$45.00Aug 28$0.15$0.15$0.3568%0.43$44.65
$44.00$44.50Aug 28$0.15$0.15$0.3560%0.43$44.15
$46.00$47.00Sep 18$0.10$0.10$0.9076%0.11$46.10
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$43.00$42.00Sep 18$0.60$0.60$0.4057%1.50$42.40
$40.00$38.00Sep 18$0.37$0.37$1.6380%0.23$39.63
$43.00$42.00Sep 4$0.38$0.38$0.6260%0.61$42.62
$43.50$43.00Aug 21$0.18$0.18$0.3268%0.56$43.32
$42.00$41.00Sep 18$0.27$0.27$0.7367%0.37$41.73

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 5 found (avg debit $0.59, cheapest $0.92)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$44.00Aug 21Aug 28$0.23388.2%40.5%
$43.50Aug 21Aug 28$0.39171.1%37.7%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$45.00Aug 21Sep 18$0.921213.6%30.6%
$44.00Aug 21Sep 4$0.65388.2%37.2%
$43.50Aug 21Aug 28$0.75171.1%37.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 13 found (cheapest 1.74% of stock, avg 5.66%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$43.50Aug 21$0.38$0.38$0.76$42.74$44.261.74%
$43.00Aug 21$0.60$0.20$0.80$42.20$43.801.83%
$44.00Aug 21$0.40$0.60$1.00$43.00$45.002.29%
$43.00Aug 28$0.93$0.57$1.50$41.50$44.503.43%
$43.50Aug 28$0.77$1.13$1.90$41.60$45.404.34%
$44.00Sep 4$1.08$1.25$2.33$41.67$46.335.33%
$46.00Aug 21$0.10$2.50$2.60$43.40$48.605.94%
$45.00Aug 21$1.08$1.68$2.76$42.24$47.766.31%
$42.00Sep 18$2.48$0.95$3.43$38.57$45.437.84%
$43.00Sep 18$1.90$1.55$3.45$39.55$46.457.89%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 46 found (cheapest 1.05% of stock, avg 2.95%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$50.00$38.00Sep 18$0.23$0.23$0.46$37.54$50.46
$47.00$38.00Sep 18$0.35$0.23$0.58$37.42$47.58
$44.00$43.00Aug 21$0.40$0.20$0.60$42.40$44.60
$44.50$43.00Aug 21$0.48$0.20$0.68$42.32$45.18
$46.00$42.00Sep 4$0.33$0.40$0.73$41.27$46.73
$46.00$38.00Sep 18$0.45$0.23$0.68$37.32$46.68
$44.00$43.50Aug 21$0.40$0.38$0.78$42.72$44.78
$44.50$43.50Aug 21$0.48$0.38$0.86$42.64$45.36
$50.00$40.00Sep 18$0.23$0.60$0.83$39.17$50.83
$47.00$40.00Sep 18$0.35$0.60$0.95$39.05$47.95

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 5 found (best R:R 1.13, avg credit $0.45)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
43/4450/51Aug 21$0.53$0.4753%1.13$42.97$50.53
41/4246/47Sep 18$0.37$0.6343%0.59$41.63$46.37
38/4046/47Sep 18$0.47$1.5355%0.31$39.53$46.47
38/4047/50Sep 18$0.49$2.5161%0.20$39.51$47.49
41/4247/50Sep 18$0.39$2.6148%0.15$41.61$47.39

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 9 found (best R:R 10.11, cheapest $0.06)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$43.50$44.00$44.50Aug 21$0.06$0.4432%7.33
$43.00$43.50$44.00Aug 21$0.24$0.2631%1.08
$44.50$45.00$45.50Aug 28$0.20$0.309%1.50
$45.00$46.00$47.00Sep 18$0.35$0.6518%1.86
$40.00$40.50$41.00Aug 21$0.37$0.1326%0.35
PUTS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$42.00$43.00$44.00Sep 4$0.09$0.9128%10.11
$40.00$41.00$42.00Sep 18$0.19$0.8112%4.26
$41.00$42.00$43.00Sep 18$0.33$0.6718%2.03
$43.00$44.00$45.00Sep 18$0.59$0.4120%0.69

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 27 found (best net $-0.91, 20 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$40.00$42.001:2Sep 18-$0.91$1.09
$45.00$46.001:2Sep 18$0.00$1.00
$44.50$46.001:2Sep 4-$0.09$1.41
$47.00$50.001:2Sep 18-$0.11$2.89
$43.00$43.501:2Aug 21-$0.16$0.34
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$44.00$43.001:2Sep 4-$0.31$0.69
$44.00$43.501:2Aug 21-$0.16$0.34
$43.00$42.001:2Sep 18-$0.35$0.65
$46.00$45.001:2Aug 21-$0.86$0.14
$42.00$41.001:2Sep 18-$0.41$0.59

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 1.14%, avg 0.78%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$45.00Sep 18$0.500.372.9%1.14%4.02%3241.7K
$44.00Sep 4$0.600.460.6%1.37%1.97%1--
$46.00Sep 4$0.200.215.2%0.46%5.62%2032
$44.50Sep 4$0.250.361.7%0.57%2.31%2--
$44.00Aug 28$0.350.400.6%0.80%1.39%43334
$45.00Aug 28$0.150.242.9%0.34%3.22%125192

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 2,577
Total Puts 4,905
Put/Call Ratio 1.90
Net Difference -2,328

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 28,138
Total Puts 24,924
Average Put/Call Ratio 0.85
Ratio Trend Rising

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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