Tour v526
MGM
MGM RESORTS INTL
$42.97 -1.13%
8/27 18:44

Option Volume

Detail
Current (08/27) 11,710
Calls: 1,376 (12%)
Puts: 10,334 (88%)
Prior (08/26) 3,192
Calls: 1,340 (42%)
Puts: 1,852 (58%)
Current vs Prior +266.85%
Calls: +2.69% (Calls)
Puts: +457.99% (Puts)
Prior 7-Day Total 37,054
Calls: 20,075 (54%)
Puts: 16,979 (46%)
Prior 7-Day Average 5,293
Calls: 2,867 (54%)
Puts: 2,425 (46%)
Current vs Prior 7-Day Avg +121.22%
Calls: -52.02%
Puts: +326.04%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/27) $14.27M
Calls: $196.8K (1%)
Puts: $14.07M (99%)
Prior (08/26) $336.6K
Calls: $186.5K (55%)
Puts: $150.1K (45%)
Current vs Prior +4139.14%
Calls: +5.53%
Puts: +9275.03%
Prior 7-Day Total $6.35M
Calls: $3.88M (61%)
Puts: $2.47M (39%)
Prior 7-Day Average $907.4K
Calls: $554.0K (61%)
Puts: $353.4K (39%)
Current vs Prior 7-Day Avg +1472.60%
Calls: -64.47%
Puts: +3881.70%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/27) 7.51
Prior (08/26) 1.38
Current vs Prior +443.39%
Prior 7-Day Average 0.96
Current vs Prior 7-Day Avg +685.56%
Sentiment BEARISH

Open Interest

Detail
Current (08/27) 50,705
Calls: 31,136 (61%)
Puts: 19,569 (39%)
Prior (08/26) 38,711
Calls: 19,146 (49%)
Puts: 19,565 (51%)
Current vs Prior +30.98%
Prior 7-Day Total 364,494
Calls: 236,733 (65%)
Puts: 127,761 (35%)
Prior 7-Day Average 52,070
Calls: 33,819 (65%)
Puts: 18,251 (35%)
Current vs Prior 7-Day Avg -2.62%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 4.54% | 5.00%11.12% | 11.64%
Prior 4.26% | 5.02%7.09% | 11.34%
Current vs Prior +6.61% | -0.25%+56.96% | +2.58%
Prior 7-Day Avg 3.46% | 5.03%4.48% | 8.94%
Current vs 7-Day Avg +31.16% | -0.47%+148.36% | +30.14%
Prior 7-Day Eod 4.26% | 5.02%7.09% | 11.34%
Current vs 7-Day Eod +6.61% | -0.25%+56.96% | +2.58%
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 bearish conviction with 99% of dollar volume in puts ($14.07M) vs calls ($196.8K). Massive premium surge with dollar volume up 4139% vs prior. Dollar volume significantly above 7-day average (1473% higher). Unusually high activity with volume up 267% vs prior - elevated interest.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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. 15 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$40.50Aug 282.053.90$2.9762.3%20.931
$39.50Aug 282.205.50$3.8585.7%20.871
$40.00Aug 282.454.30$3.3854.7%20.8624
$41.50Sep 40.853.70$2.28125.0%10.81--
$42.00Sep 40.553.40$1.98143.9%20.782
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$44.00Aug 280.651.35$1.0070.0%21.001.3K
$45.00Sep 40.204.10$2.15181.4%11.00--
$46.00Sep 182.604.20$3.4047.1%10.80--
$44.00Sep 40.752.00$1.3890.6%110.6054
$44.00Sep 181.352.15$1.7545.7%70.59643

Most actively traded options today. High liquidity = easy entry/exit. 38 active (total vol 2.5K, top 1.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$45.00Sep 180.550.95$0.7553.3%2050.31--
$45.00Sep 40.000.35$0.18194.4%1680.2425
$45.00Aug 280.001.00$0.50200.0%1200.34339
$43.50Aug 280.001.35$0.68198.5%510.57--
$45.50Sep 40.000.60$0.30200.0%310.2675
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.00Sep 180.350.80$0.5778.9%1.0K0.272.6K
$42.50Aug 280.050.30$0.18138.9%3910.24185
$42.00Sep 180.851.20$1.0234.3%2040.392.2K
$42.00Aug 280.000.15$0.08187.5%1010.126
$41.50Aug 280.000.20$0.10200.0%930.12140

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 193.4%, max 520.6%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$45.50Aug 28Sep 4195.1%31.4%520.6%4375
$45.00Aug 28Sep 18108.0%37.8%185.4%325339
$42.00Sep 4Sep 1848.7%33.3%46.2%31.9K
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.50Aug 28Sep 467.9%55.9%21.4%392208

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 9 found (best R:R 2.33, avg 5.03)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$40.00$42.00Sep 18$0.60$1.40$0.6078%2.33$40.60
$42.50$44.00Sep 4$0.12$1.38$0.1270%11.50$42.62
$47.00$50.00Sep 18$0.13$2.87$0.1315%22.08$47.13
$41.50$42.00Sep 4$0.30$0.20$0.3081%0.67$41.80
$45.00$46.00Sep 18$0.40$0.60$0.4031%1.50$45.40
BEAR PUT (4)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$44.00$42.50Aug 28$0.82$0.68$0.82100%0.83$43.18
$40.00$39.00Sep 18$0.22$0.78$0.2223%3.55$39.78
$42.50$41.50Sep 4$0.38$0.62$0.3836%1.63$42.12
$42.00$41.00Sep 18$0.45$0.55$0.4539%1.22$41.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 5 found (best R:R 0.67, avg 0.49)

BEAR CALL (2)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$45.00$46.00Sep 18$0.40$0.40$0.6069%0.67$45.40
$47.00$50.00Sep 18$0.13$0.13$2.8785%0.05$47.13
BULL PUT (3)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$42.00$41.00Sep 18$0.45$0.45$0.5561%0.82$41.55
$42.50$41.50Sep 4$0.38$0.38$0.6264%0.61$42.12
$40.00$39.00Sep 18$0.22$0.22$0.7877%0.28$39.78

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $1.34, cheapest $1.28)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$44.00Aug 28Sep 4$1.4014.7%47.9%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$43.00Sep 4Sep 18$1.2834.7%43.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 8 found (cheapest 2.51% of stock, avg 6.78%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$44.00Aug 28$0.08$1.00$1.08$42.92$45.082.51%
$45.00Sep 4$0.18$2.15$2.33$42.67$47.335.42%
$42.50Sep 4$1.60$0.83$2.43$40.07$44.935.66%
$41.50Sep 4$2.28$0.45$2.73$38.77$44.236.35%
$44.00Sep 4$1.48$1.38$2.86$41.14$46.866.66%
$46.00Sep 18$0.35$3.40$3.75$42.25$49.758.73%
$42.00Sep 18$2.95$1.02$3.97$38.03$45.979.24%
$40.00Sep 18$3.55$0.60$4.15$35.85$44.159.66%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 37 found (cheapest 0.37% of stock, avg 2.36%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$44.00$42.00Aug 28$0.08$0.08$0.16$41.84$44.16
$44.00$41.50Aug 28$0.08$0.10$0.18$41.32$44.18
$44.00$42.50Aug 28$0.08$0.18$0.26$42.24$44.26
$50.00$39.00Sep 18$0.15$0.38$0.53$38.47$50.53
$45.00$39.50Sep 4$0.18$0.38$0.56$38.94$45.56
$45.00$41.50Sep 4$0.18$0.45$0.63$40.87$45.63
$47.00$39.00Sep 18$0.28$0.38$0.66$38.34$47.66
$45.00$42.00Aug 28$0.50$0.08$0.58$41.42$45.58
$45.00$42.50Aug 28$0.50$0.18$0.68$41.82$45.68
$46.00$39.00Sep 18$0.35$0.38$0.73$38.27$46.73

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 2 found (best R:R 1.63, avg credit $0.48)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
39/4045/46Sep 18$0.62$0.3846%1.63$39.38$45.62
39/4047/50Sep 18$0.35$2.6562%0.13$39.65$47.35

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 5 found (best R:R 7.33, cheapest $0.06)

CALLS (2)
LowMidHighExpiryDebitMax GainPOPR:R
$39.50$40.00$40.50Aug 28$0.06$0.446%7.33
$45.00$46.00$47.00Sep 18$0.33$0.6716%2.03
PUTS (3)
LowMidHighExpiryDebitMax GainPOPR:R
$41.50$42.00$42.50Aug 28$0.12$0.3812%3.17
$41.00$42.00$43.00Sep 18$0.36$0.6422%1.78
$40.00$41.00$42.00Sep 18$0.48$0.5216%1.08

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 20 found (best net $-0.10, 15 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.00$50.001:2Sep 18-$0.02$2.98
$46.00$47.001:2Sep 18-$0.21$0.79
$45.00$45.501:2Sep 4-$0.42$0.08
$42.50$44.001:2Sep 4-$1.36$0.14
$44.00$45.001:2Aug 28-$0.92$0.08
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$46.00$44.001:2Sep 18-$0.10$1.90
$45.00$44.001:2Sep 4-$0.61$0.39
$43.00$42.001:2Sep 18-$0.21$0.79
$42.50$41.501:2Sep 4-$0.07$0.93
$42.00$41.001:2Sep 18-$0.12$0.88

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 4 found (best yield 1.28%, avg 0.55%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$45.00Sep 18$0.550.314.7%1.28%6.00%205--
$46.00Sep 18$0.150.197.0%0.35%7.40%32.0K
$44.00Sep 4$0.150.542.4%0.35%2.75%11--
$47.00Sep 18$0.100.159.4%0.23%9.61%55.1K

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 1,376
Total Puts 10,334
Put/Call Ratio 7.51
Net Difference -8,958

Prior's Put/Call Breakdown

Total Calls 1,340
Total Puts 1,852
Put/Call Ratio 1.38
Net Difference -512

Prior 7-Day Put/Call Summary

Total Calls 20,075
Total Puts 16,979
Average Put/Call Ratio 0.96
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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