MGM Resorts Sees a Rare Uptick In Bearish Betting
Option traders have taken note of the fact that MGM Resorts International (NYSE:MGM) has outpaced the broader S&P 500 Index (INDEXSP:INX) by more than 13 percentage points over the last two months and have been scooping up bullish bets with some rapidity of late. During the course of the past 50 trading sessions speculators at the International Securities Exchange (ISE) Chicago Board Options Exchange (CBOE) and NASDAQ OMX PHLX (PHLX) have bought to open more than four calls for every put. This call/put volume ratio of 4.02 ranks just 1 percentage point from a 52-week peak suggesting calls have ...
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