Tour v526
MGM
MGM RESORTS INTL
$42.28 -1.61%
$42.67 (+0.92%)🌙
as of 08/28 06:44 PM
8/28 18:44

Option Volume

Detail
Current (08/28) 4,409
Calls: 1,850 (42%)
Puts: 2,559 (58%)
Prior (08/27) 11,710
Calls: 1,376 (12%)
Puts: 10,334 (88%)
Current vs Prior -62.35%
Calls: +34.45% (Calls)
Puts: -75.24% (Puts)
Prior 7-Day Total 44,723
Calls: 18,272 (41%)
Puts: 26,451 (59%)
Prior 7-Day Average 6,389
Calls: 2,610 (41%)
Puts: 3,778 (59%)
Current vs Prior 7-Day Avg -30.99%
Calls: -29.13%
Puts: -32.28%
Sentiment BEARISH

Dollar Volume

Detail
Current (08/28) $547.9K
Calls: $271.3K (50%)
Puts: $276.7K (50%)
Prior (08/27) $14.27M
Calls: $196.8K (1%)
Puts: $14.07M (99%)
Current vs Prior -96.16%
Calls: +37.83%
Puts: -98.03%
Prior 7-Day Total $19.89M
Calls: $3.42M (17%)
Puts: $16.47M (83%)
Prior 7-Day Average $2.84M
Calls: $488.7K (17%)
Puts: $2.35M (83%)
Current vs Prior 7-Day Avg -80.71%
Calls: -44.50%
Puts: -88.24%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (08/28) 1.38
Prior (08/27) 7.51
Current vs Prior -81.58%
Prior 7-Day Average 1.63
Current vs Prior 7-Day Avg -15.22%
Sentiment BEARISH

Open Interest

Detail
Current (08/28) 46,375
Calls: 27,344 (59%)
Puts: 19,031 (41%)
Prior (08/27) 50,705
Calls: 31,136 (61%)
Puts: 19,569 (39%)
Current vs Prior -8.54%
Prior 7-Day Total 358,544
Calls: 233,106 (65%)
Puts: 125,438 (35%)
Prior 7-Day Average 51,220
Calls: 33,300 (65%)
Puts: 17,919 (35%)
Current vs Prior 7-Day Avg -9.46%
Sentiment BEARISH

Expected Move

Detail
Expiry (08/28) | Next (09/04)Expiry (09/18) | Next (10/16)
Current 2.96% | 4.21%7.59% | 10.60%
Prior 4.54% | 5.00%11.12% | 11.64%
Current vs Prior -7.23% | +51.74%-31.75% | -8.94%
Prior 7-Day Avg 3.67% | 4.94%5.63% | 9.54%
Current vs 7-Day Avg +14.79% | +53.71%+34.91% | +11.04%
Prior 7-Day Eod 4.54% | 5.00%11.12% | 11.64%
Current vs 7-Day Eod -7.23% | +51.74%-31.75% | -8.94%
Sentiment BULLISHBULLISH

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

Light premium activity with dollar volume down 96% vs prior. Below-average activity with volume down 62% vs prior. Bearish P/C ratio of 1.38 indicates protective positioning. P/C ratio dropping 82% - sentiment shifting bullish.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BEARISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BEARISH
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 0.70, highest 0.90)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$39.50Sep 42.805.10$3.9558.2%10.89--
$40.00Sep 42.354.40$3.3860.7%10.86--
$39.00Sep 43.105.50$4.3055.8%10.81--
$40.00Aug 282.202.75$2.4822.2%100.78--
$40.00Sep 182.803.90$3.3532.8%20.73--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$48.00Sep 184.306.60$5.4542.2%120.90--
$47.00Sep 183.804.90$4.3525.3%220.8638
$44.00Sep 40.652.10$1.38105.1%10.81--
$45.00Sep 181.854.20$3.0377.6%10.76--
$43.50Sep 41.101.75$1.4345.5%210.68--

Most actively traded options today. High liquidity = easy entry/exit. 49 active (total vol 3.0K, top 1.2K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Aug 280.002.20$1.10200.0%1740.444
$46.00Sep 180.050.45$0.25160.0%670.152.0K
$46.00Sep 40.000.80$0.40200.0%610.2067
$43.00Sep 180.901.35$1.1339.8%480.43245
$45.00Sep 40.000.35$0.18194.4%460.15186
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$41.00Sep 180.851.10$0.9825.5%1.2K0.363.6K
$42.00Sep 181.101.55$1.3333.8%5220.472.4K
$40.00Sep 180.550.80$0.6836.8%2760.271.5K
$42.00Aug 280.000.10$0.05200.0%1210.23104
$42.50Aug 280.150.45$0.30100.0%810.52534

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 11 strikes (avg 2303.2%, max 4268.3%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$44.00Aug 28Sep 41432.8%32.8%4268.3%55677
$43.00Aug 28Sep 181116.0%37.6%2870.3%222249
$44.50Aug 28Sep 41525.3%59.1%2480.4%19119
$46.00Sep 4Sep 1865.8%33.9%94.1%1282.1K
PUTS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$44.00Aug 28Sep 181432.8%36.0%3876.6%51.3K
$43.50Aug 28Sep 41350.3%39.2%3344.5%6547
$43.00Aug 28Sep 181116.0%37.6%2870.3%467.0K
$42.50Aug 28Sep 4926.8%32.2%2775.3%91558
$41.50Aug 28Sep 4658.7%25.7%2458.5%6234

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 18 found (best R:R 1.17, avg 2.15)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$40.00$43.00Aug 28$1.38$1.62$1.3878%1.17$41.38
$42.50$43.00Sep 4$0.20$0.30$0.2049%1.50$42.70
$42.00$42.50Sep 4$0.30$0.20$0.3060%0.67$42.30
$43.00$45.00Sep 18$0.65$1.35$0.6543%2.08$43.65
$45.00$46.00Sep 18$0.23$0.77$0.2323%3.35$45.23
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$47.00$45.00Sep 18$1.32$0.68$1.3286%0.52$45.68
$41.00$38.50Sep 4$0.18$2.32$0.1832%12.89$40.82
$43.00$42.00Sep 18$0.35$0.65$0.3557%1.86$42.65
$44.00$43.00Sep 18$0.49$0.51$0.4968%1.04$43.51
$42.00$41.00Sep 18$0.35$0.65$0.3547%1.86$41.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 10 found (best R:R 1.00, avg 0.59)

BEAR CALL (4)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$43.50$44.00Sep 4$0.25$0.25$0.2567%1.00$43.75
$45.00$46.00Sep 18$0.23$0.23$0.7777%0.30$45.23
$43.00$45.00Sep 18$0.65$0.65$1.3557%0.48$43.65
$42.50$43.00Sep 4$0.20$0.20$0.3051%0.67$42.70
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$36.00$35.00Aug 28$0.50$0.50$0.5086%1.00$35.50
$42.00$41.50Sep 4$0.27$0.27$0.2359%1.17$41.73
$40.00$38.00Sep 18$0.40$0.40$1.6073%0.25$39.60
$41.00$40.00Sep 18$0.30$0.30$0.7064%0.43$40.70
$42.00$41.00Sep 18$0.35$0.35$0.6553%0.54$41.65

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $0.29, cheapest $0.30)

CALLS (0)
No calls found
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$43.50Aug 28Sep 4$0.301350.3%39.2%
$43.00Aug 28Sep 4$0.131116.0%32.6%
$42.50Aug 28Sep 4$0.48926.8%32.2%
$41.00Sep 4Sep 18$0.2557.0%36.9%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 10 found (cheapest 2.91% of stock, avg 5.34%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$43.00Sep 4$0.50$0.73$1.23$41.77$44.232.91%
$42.50Sep 4$0.70$0.78$1.48$41.02$43.983.50%
$42.00Sep 4$1.00$0.52$1.52$40.48$43.523.60%
$44.00Sep 4$0.23$1.38$1.61$42.39$45.613.81%
$43.00Aug 28$1.10$0.60$1.70$41.30$44.704.02%
$43.50Sep 4$0.48$1.43$1.91$41.59$45.414.52%
$44.00Aug 28$1.13$1.65$2.78$41.22$46.786.58%
$43.00Sep 18$1.13$1.68$2.81$40.19$45.816.65%
$45.00Sep 18$0.48$3.03$3.51$41.49$48.518.30%
$40.00Sep 18$3.35$0.68$4.03$35.97$44.039.53%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 51 found (cheapest 1.25% of stock, avg 3.11%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$46.00$38.00Sep 18$0.25$0.28$0.53$37.47$46.53
$47.00$38.00Sep 18$0.28$0.28$0.56$37.44$47.56
$43.50$41.50Sep 4$0.48$0.25$0.73$40.77$44.23
$43.00$41.50Sep 4$0.50$0.25$0.75$40.75$43.75
$45.00$38.00Sep 18$0.48$0.28$0.76$37.24$45.76
$44.50$41.50Sep 4$0.60$0.25$0.85$40.65$45.35
$43.00$42.00Sep 4$0.50$0.52$1.02$40.98$44.02
$46.00$40.00Sep 18$0.25$0.68$0.93$39.07$46.93
$43.50$42.00Sep 4$0.48$0.52$1.00$41.00$44.50
$47.00$40.00Sep 18$0.28$0.68$0.96$39.04$47.96

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 3 found (best R:R 0.46, avg credit $0.55)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
38/4045/46Sep 18$0.63$1.3750%0.46$39.37$45.63
38/4144/45Sep 4$0.60$1.9039%0.32$40.40$45.10
38/4144/44Sep 4$0.43$2.0735%0.21$40.57$43.93

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 8 found (best R:R 19.00, cheapest $0.05)

CALLS (3)
LowMidHighExpiryDebitMax GainPOPR:R
$42.00$42.50$43.00Sep 4$0.10$0.4021%4.00
$42.50$43.00$43.50Sep 4$0.18$0.3216%1.78
$45.00$46.00$47.00Sep 18$0.26$0.7410%2.85
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$40.00$41.00$42.00Sep 18$0.05$0.9520%19.00
$42.00$42.50$43.00Aug 28$0.05$0.4533%9.00
$42.00$43.00$44.00Sep 18$0.14$0.8621%6.14
$42.50$43.00$43.50Aug 28$0.23$0.277%1.17
$43.00$44.00$45.00Sep 18$0.37$0.6319%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. 23 found (best net $-0.56, 15 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$42.50$43.001:2Sep 4-$0.30$0.20
$42.00$42.501:2Sep 4-$0.40$0.10
$46.00$47.001:2Sep 18-$0.31$0.69
$43.00$43.501:2Sep 4-$0.46$0.04
$45.00$47.501:2Aug 28-$1.08$1.42
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$41.50$36.001:2Aug 28-$0.56$4.94
$43.50$43.001:2Aug 28-$0.07$0.43
$41.00$38.501:2Sep 4-$0.37$2.13
$47.00$45.001:2Sep 18-$1.71$0.29
$42.50$42.001:2Sep 4-$0.26$0.24

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 6 found (best yield 2.13%, avg 0.93%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$43.00Sep 18$0.900.431.7%2.13%3.83%48245
$45.00Sep 18$0.350.236.4%0.83%7.26%6--
$47.00Sep 18$0.100.1411.2%0.24%11.40%15.1K
$43.00Sep 4$0.350.391.7%0.83%2.53%4--
$42.50Sep 4$0.500.490.5%1.18%1.70%33
$43.50Sep 4$0.150.332.9%0.35%3.24%232

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 1,850
Total Puts 2,559
Put/Call Ratio 1.38
Net Difference -709

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 18,272
Total Puts 26,451
Average Put/Call Ratio 1.63
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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