Tour v366
MGM
MGM RESORTS INTL
$46.34 +0.46%
7/20 18:48

Option Volume

Detail
Current (07/20) 2,532
Calls: 2,086 (82%)
Puts: 446 (18%)
Prior (07/17) 2,965
Calls: 1,467 (49%)
Puts: 1,498 (51%)
Current vs Prior -14.60%
Calls: +42.19% (Calls)
Puts: -70.23% (Puts)
Prior 7-Day Total 29,941
Calls: 17,926 (60%)
Puts: 12,015 (40%)
Prior 7-Day Average 4,277
Calls: 2,560 (60%)
Puts: 1,716 (40%)
Current vs Prior 7-Day Avg -40.80%
Calls: -18.54%
Puts: -74.02%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/20) $549.1K
Calls: $476.8K (87%)
Puts: $72.3K (13%)
Prior (07/17) $693.0K
Calls: $546.1K (79%)
Puts: $146.9K (21%)
Current vs Prior -20.77%
Calls: -12.69%
Puts: -50.81%
Prior 7-Day Total $9.56M
Calls: $6.05M (63%)
Puts: $3.51M (37%)
Prior 7-Day Average $1.37M
Calls: $864.7K (63%)
Puts: $501.5K (37%)
Current vs Prior 7-Day Avg -59.81%
Calls: -44.86%
Puts: -85.59%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/20) 0.21
Prior (07/17) 1.02
Current vs Prior -79.06%
Prior 7-Day Average 0.83
Current vs Prior 7-Day Avg -74.20%
Sentiment BULLISH

Open Interest

Detail
Current (07/20) 29,390
Calls: 18,726 (64%)
Puts: 10,664 (36%)
Prior (07/17) 17,730
Calls: 14,655 (83%)
Puts: 3,075 (17%)
Current vs Prior +65.76%
Prior 7-Day Total 152,601
Calls: 115,881 (76%)
Puts: 36,720 (24%)
Prior 7-Day Average 21,800
Calls: 16,554 (76%)
Puts: 5,245 (24%)
Current vs Prior 7-Day Avg +34.82%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 3.63% | 7.25%8.85% | 12.90%
Prior 3.71% | 7.22%3.53% | 9.60%
Current vs Prior -2.20% | +0.44%+150.39% | +34.38%
Prior 7-Day Avg 3.79% | 5.78%3.97% | 10.93%
Current vs 7-Day Avg -4.33% | +25.55%+122.64% | +18.06%
Prior 7-Day Eod 3.71% | 7.22%3.53% | 9.60%
Current vs 7-Day Eod -2.20% | +0.44%+150.39% | +34.38%
Sentiment BULLISHBEARISH

Relative Spread

Detail
Expiry | Next
Current 20.17% | 20.11%
Calls: 22.22% | 21.47%
Puts: 18.12% | 18.75%
Prior 20.17% | 20.11%
Calls: 22.22% | 21.47%
Puts: 18.12% | 18.75%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 20.17% | 20.11%
Calls: 22.22% | 21.47%
Puts: 18.12% | 18.75%
Current vs 7-Day Avg +0.00% | +0.00%
Liquidity Expensive
+
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🤖 AI Insights

Strong bullish conviction with 87% of dollar volume in calls ($476.8K) vs puts ($72.3K). Extreme bullish P/C ratio of 0.21 - heavy call buying (2,086 calls vs 446 puts). P/C ratio dropping 79% - sentiment shifting bullish. Call-heavy open interest (18,726 calls vs 10,664 puts) suggests bullish positioning.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
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 0.73, highest 0.93)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Jul 248.209.30$8.7512.6%20.93--
$43.00Jul 243.304.40$3.8528.6%60.85--
$40.00Jul 246.107.40$6.7519.3%30.84--
$42.00Jul 244.105.60$4.8530.9%30.82--
$39.00Jul 247.208.40$7.8015.4%30.81--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$52.00Jul 243.407.40$5.4074.1%10.83--
$48.00Jul 240.853.30$2.07118.4%10.79--
$53.00Jul 244.508.40$6.4560.5%10.75--
$47.50Jul 240.501.65$1.08106.5%10.73--
$47.00Jul 240.201.50$0.85152.9%10.5833

Most actively traded options today. High liquidity = easy entry/exit. 59 active (total vol 1.3K, top 527)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.50Jul 240.050.55$0.30166.7%5270.273
$47.00Aug 211.552.50$2.0346.8%1460.4925
$50.00Aug 210.551.10$0.8366.3%1410.282.1K
$46.50Jul 240.051.30$0.68183.8%1000.47--
$52.00Aug 210.000.65$0.33197.0%600.14--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.50Jul 240.001.15$0.57201.8%500.234
$42.00Aug 210.450.90$0.6866.2%320.20319
$43.00Aug 210.451.20$0.8390.4%300.24569
$44.00Jul 240.000.75$0.38197.4%260.21129
$46.50Jul 240.051.60$0.83186.7%140.532

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 13 strikes (avg 45.6%, max 124.8%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$49.50Jul 31Aug 2177.0%39.6%94.6%2--
$51.00Jul 31Aug 2182.6%56.5%46.4%42
$47.00Jul 24Aug 2157.2%41.1%39.0%17138
$46.00Jul 31Aug 2147.8%37.4%27.7%364
$50.00Jul 24Aug 2145.4%37.5%20.9%1422.1K
PUTS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.00Jul 31Aug 2196.7%43.0%124.8%33320
$43.00Jul 31Aug 2181.2%40.5%100.5%31590
$44.00Jul 24Aug 2164.1%37.6%70.4%27166
$45.00Jul 24Aug 2147.0%40.7%15.5%10607

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 16 found (best R:R 5.67, avg 2.24)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$48.00$49.00Aug 21$0.25$0.75$0.253.00$48.25
$48.50$49.00Jul 24$0.15$0.35$0.152.33$48.65
$47.00$48.50Jul 31$0.45$1.05$0.452.33$47.45
$45.00$46.00Jul 31$0.32$0.68$0.322.13$45.32
$46.00$47.00Aug 21$0.42$0.58$0.421.38$46.42
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$43.00$42.00Aug 21$0.15$0.85$0.155.67$42.85
$42.00$40.00Aug 21$0.33$1.67$0.335.06$41.67
$44.00$43.00Aug 21$0.17$0.83$0.174.88$43.83
$46.00$45.00Aug 21$0.27$0.73$0.272.70$45.73
$47.50$47.00Jul 24$0.23$0.27$0.231.17$47.27

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 21 found (best R:R 8.09, avg 1.67)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$43.50$46.50Jul 24$2.67$2.67$0.338.09$46.17
$40.00$41.00Jul 24$0.85$0.85$0.155.67$40.85
$42.50$43.00Jul 24$0.35$0.35$0.152.33$42.85
$47.00$48.00Aug 21$0.68$0.68$0.322.12$47.68
$45.00$46.00Aug 21$0.65$0.65$0.351.86$45.65
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$52.00$48.00Jul 24$3.33$3.33$0.674.97$48.67
$46.50$46.00Jul 24$0.33$0.33$0.171.94$46.17
$45.00$44.00Aug 21$0.53$0.53$0.471.13$44.47
$46.00$45.50Jul 24$0.25$0.25$0.251.00$45.75
$47.50$47.00Jul 24$0.23$0.23$0.270.85$47.27

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 13 found (avg debit $0.74, cheapest $0.33)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$50.00Jul 24Jul 31$0.3345.4%44.0%
$51.00Jul 31Aug 21$0.3382.6%56.5%
$49.00Jul 24Jul 31$0.5045.1%45.3%
$47.00Jul 24Jul 31$0.5357.2%45.1%
$48.50Jul 24Jul 31$0.6051.5%49.0%
PUTS (4)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$44.00Jul 24Aug 21$0.6264.1%37.6%
$46.00Jul 24Jul 31$0.7034.2%47.8%
$45.50Jul 24Jul 31$0.9230.2%53.9%
$45.00Jul 24Aug 21$1.1547.0%40.7%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 8 found (cheapest 2.98% of stock, avg 6.09%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$47.50Jul 24$0.30$1.08$1.38$46.12$48.882.98%
$46.50Jul 24$0.68$0.83$1.51$44.99$48.013.26%
$47.00Jul 24$0.80$0.85$1.65$45.35$48.653.56%
$48.00Jul 24$0.23$2.07$2.30$45.70$50.304.96%
$46.00Jul 31$1.73$1.20$2.93$43.07$48.936.32%
$43.50Jul 24$3.35$0.57$3.92$39.58$47.428.46%
$46.00Aug 21$2.45$1.80$4.25$41.75$50.259.17%
$45.00Aug 21$3.10$1.53$4.63$40.37$49.639.99%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 72 found (cheapest 1.04% of stock, avg 4.07%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$48.00$45.50Jul 24$0.23$0.25$0.48$45.02$48.48
$48.50$45.50Jul 24$0.28$0.25$0.53$44.97$49.03
$47.50$45.50Jul 24$0.30$0.25$0.55$44.95$48.05
$48.00$45.00Jul 24$0.23$0.38$0.61$44.39$48.61
$48.00$44.00Jul 24$0.23$0.38$0.61$43.39$48.61
$48.50$45.00Jul 24$0.28$0.38$0.66$44.34$49.16
$48.50$44.00Jul 24$0.28$0.38$0.66$43.34$49.16
$47.50$45.00Jul 24$0.30$0.38$0.68$44.32$48.18
$47.50$44.00Jul 24$0.30$0.38$0.68$43.32$48.18
$48.00$46.00Jul 24$0.23$0.50$0.73$45.27$48.73

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 21 found (best R:R 5.67, avg credit $0.68)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
43/4447/48Aug 21$0.85$0.155.67$43.15$47.85
42/4347/48Aug 21$0.83$0.174.88$42.17$47.83
43/4445/46Aug 21$0.82$0.184.56$43.18$45.82
42/4345/46Aug 21$0.80$0.204.00$42.20$45.80
44/4548/49Aug 21$0.78$0.223.55$44.22$48.78
47/4848/49Jul 24$0.38$0.123.17$47.12$48.88
44/4550/50Aug 21$0.75$0.253.00$44.25$50.25
40/4251/52Aug 21$1.48$0.522.85$40.52$52.48
43/4446/47Aug 21$0.59$0.411.44$43.41$46.59
42/4346/47Aug 21$0.57$0.431.33$42.43$46.57

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 10 found (best R:R 5.25, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainR:R
$39.00$40.00$41.00Jul 24$0.20$0.804.00
$45.00$46.00$47.00Aug 21$0.23$0.773.35
$47.50$48.00$48.50Jul 24$0.12$0.383.17
$47.00$48.00$49.00Aug 21$0.43$0.571.33
$42.00$42.50$43.00Jul 24$0.30$0.200.67
PUTS (4)
LowMidHighExpiryDebitMax GainR:R
$45.50$46.00$46.50Jul 24$0.08$0.425.25
$43.00$44.00$45.00Aug 21$0.36$0.641.78
$46.50$47.00$47.50Jul 24$0.21$0.291.38
$45.00$45.50$46.00Jul 24$0.38$0.120.32

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 18 found (best net $-0.02, 14 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.00$48.501:2Jul 31-$0.43$1.07
$47.50$48.001:2Jul 24-$0.16$0.34
$47.00$48.001:2Aug 21-$0.67$0.33
$48.00$48.501:2Jul 24-$0.33$0.17
$48.00$49.001:2Aug 21-$0.85$0.15
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$42.00$40.001:2Aug 21-$0.02$1.98
$45.50$43.001:2Jul 31-$0.99$1.51
$45.00$44.001:2Jul 24-$0.38$0.62
$45.00$44.001:2Aug 21-$0.47$0.53
$43.00$42.001:2Aug 21-$0.53$0.47

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 14 found (best yield 3.34%, avg 1.25%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$47.00Aug 21$1.550.491.4%3.34%4.77%14625
$46.50Jul 31$1.200.540.3%2.59%2.93%4--
$47.00Jul 31$0.850.491.4%1.83%3.26%45
$48.00Aug 21$0.850.413.6%1.83%5.42%13181
$49.00Aug 21$0.650.345.7%1.40%7.14%12182
$49.50Aug 21$0.650.326.8%1.40%8.22%1--
$50.00Aug 21$0.550.287.9%1.19%9.09%1412.1K
$48.50Jul 31$0.400.354.7%0.86%5.52%9--
$47.00Jul 24$0.350.421.4%0.76%2.18%2513
$48.00Aug 7$0.350.403.6%0.76%4.34%5--

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 2,086
Total Puts 446
Put/Call Ratio 0.21
Net Difference 1,640

Prior's Put/Call Breakdown

Total Calls 1,467
Total Puts 1,498
Put/Call Ratio 1.02
Net Difference -31

Prior 7-Day Put/Call Summary

Total Calls 17,926
Total Puts 12,015
Average Put/Call Ratio 0.83
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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