Tour v394
MGM
MGM RESORTS INTL
$44.99 -1.10%
$45.18 (+0.42%)🌙
as of 07/23 06:50 PM
7/23 18:50

Option Volume

Detail
Current (07/23) 2,134
Calls: 1,838 (86%)
Puts: 296 (14%)
Prior (07/22) 1,575
Calls: 761 (48%)
Puts: 814 (52%)
Current vs Prior +35.49%
Calls: +141.52% (Calls)
Puts: -63.64% (Puts)
Prior 7-Day Total 19,701
Calls: 13,790 (70%)
Puts: 5,911 (30%)
Prior 7-Day Average 2,814
Calls: 1,970 (70%)
Puts: 844 (30%)
Current vs Prior 7-Day Avg -24.18%
Calls: -6.70%
Puts: -64.95%
Sentiment BULLISH

Dollar Volume

Detail
Current (07/23) $391.1K
Calls: $365.7K (93%)
Puts: $25.4K (7%)
Prior (07/22) $288.2K
Calls: $201.1K (70%)
Puts: $87.1K (30%)
Current vs Prior +35.69%
Calls: +81.80%
Puts: -70.79%
Prior 7-Day Total $5.97M
Calls: $5.24M (88%)
Puts: $730.2K (12%)
Prior 7-Day Average $852.2K
Calls: $747.9K (88%)
Puts: $104.3K (12%)
Current vs Prior 7-Day Avg -54.11%
Calls: -51.11%
Puts: -75.61%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/23) 0.16
Prior (07/22) 1.07
Current vs Prior -84.94%
Prior 7-Day Average 0.54
Current vs Prior 7-Day Avg -70.42%
Sentiment BULLISH

Open Interest

Detail
Current (07/23) 13,334
Calls: 10,309 (77%)
Puts: 3,025 (23%)
Prior (07/22) 30,260
Calls: 27,155 (90%)
Puts: 3,105 (10%)
Current vs Prior -55.94%
Prior 7-Day Total 186,581
Calls: 145,391 (78%)
Puts: 41,190 (22%)
Prior 7-Day Average 26,654
Calls: 20,770 (78%)
Puts: 5,884 (22%)
Current vs Prior 7-Day Avg -49.97%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/24) | Next (07/31)Expiry (08/21) | Next (09/18)
Current 4.96% | 6.29%11.18% | 12.89%
Prior 3.74% | 8.75%10.18% | 11.72%
Current vs Prior +32.63% | -28.10%+9.85% | +10.03%
Prior 7-Day Avg 3.58% | 6.39%6.18% | 11.33%
Current vs 7-Day Avg +38.37% | -1.63%+80.98% | +13.77%
Prior 7-Day Eod 3.74% | 8.75%10.18% | 11.72%
Current vs 7-Day Eod +32.63% | -28.10%+9.85% | +10.03%
Sentiment BEARISHBEARISH

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 93% of dollar volume in calls ($365.7K) vs puts ($25.4K). Extreme bullish P/C ratio of 0.16 - heavy call buying (1,838 calls vs 296 puts). P/C ratio dropping 85% - sentiment shifting bullish. Call-heavy open interest (10,309 calls vs 3,025 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 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$39.00Jul 244.308.20$6.2562.4%11.003
$40.50Jul 243.606.70$5.1560.2%31.00--
$36.00Jul 247.1011.10$9.1044.0%260.841
$37.00Jul 246.0010.10$8.0550.9%120.831
$41.50Jul 241.605.70$3.65112.3%10.83--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$48.00Jul 241.204.40$2.80114.3%10.8314
$49.00Jul 242.005.30$3.6590.4%10.77--
$47.00Aug 142.254.80$3.5372.2%120.6532
$45.00Jul 240.251.30$0.78134.6%650.54663
$46.00Jul 310.803.00$1.90115.8%130.5319

Most actively traded options today. High liquidity = easy entry/exit. 43 active (total vol 1.4K, top 1.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$46.00Jul 310.001.60$0.80200.0%1.0K0.54--
$36.00Jul 247.1011.10$9.1044.0%260.841
$48.50Jul 310.002.50$1.25200.0%210.36--
$48.50Aug 70.002.70$1.35200.0%210.35--
$48.50Jul 240.000.60$0.30200.0%150.1635
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Jul 240.000.70$0.35200.0%1160.25394
$45.00Jul 240.251.30$0.78134.6%650.54663
$44.50Jul 310.251.55$0.90144.4%500.36--
$46.00Jul 310.803.00$1.90115.8%130.5319
$47.00Aug 142.254.80$3.5372.2%120.6532

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 9 strikes (avg 235.6%, max 577.9%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Jul 24Aug 21325.2%48.0%577.9%2--
$48.00Jul 24Aug 21149.1%41.8%256.3%5170
$45.00Jul 24Aug 21165.8%47.1%252.2%102
$49.00Jul 24Jul 31233.8%73.2%219.5%8--
$48.50Jul 24Aug 7166.8%67.8%146.2%3635
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$42.50Jul 24Aug 21223.5%47.5%370.2%3--
$45.00Jul 24Aug 14165.8%58.0%186.1%67663
$43.00Jul 24Aug 14102.0%51.4%98.5%117394

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 7 found (best R:R 12.33, avg 4.91)

BULL CALL (1)
BuySellExpiryDebitMax GainMax LossR:RBE
$45.00$47.00Jul 24$0.15$1.85$0.1512.33$45.15
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$42.00$41.00Jul 31$0.10$0.90$0.109.00$41.90
$45.00$44.00Jul 24$0.13$0.87$0.136.69$44.87
$44.50$42.00Jul 31$0.62$1.88$0.623.03$43.88
$47.00$45.00Aug 14$0.63$1.37$0.632.17$46.37
$45.00$43.00Aug 14$1.25$0.75$1.250.60$43.75

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 16 found (best R:R 5.67, avg 2.08)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$47.00$48.00Jul 24$0.82$0.82$0.184.56$47.82
$38.00$39.00Jul 24$0.80$0.80$0.204.00$38.80
$46.00$48.00Aug 21$1.52$1.52$0.483.17$47.52
$40.00$45.00Aug 21$3.60$3.60$1.402.57$43.60
$48.50$49.00Jul 31$0.35$0.35$0.152.33$48.85
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$49.00$48.00Jul 24$0.85$0.85$0.155.67$48.15
$48.00$45.00Jul 24$2.02$2.02$0.982.06$45.98
$46.00$45.00Jul 31$0.67$0.67$0.332.03$45.33
$45.00$44.50Jul 31$0.33$0.33$0.171.94$44.67
$45.00$43.00Aug 14$1.25$1.25$0.751.67$43.75

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 9 found (avg debit $0.67, cheapest $0.25)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$49.00Jul 24Jul 31$0.27233.8%73.2%
$48.00Jul 24Jul 31$0.52149.1%57.4%
$46.00Jul 31Aug 7$0.5367.9%42.0%
$40.00Jul 24Aug 21$0.65325.2%48.0%
$48.50Jul 24Jul 31$0.95166.8%81.5%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$42.50Jul 24Aug 21$0.25223.5%47.5%
$45.00Jul 24Jul 31$0.45165.8%61.3%
$43.00Jul 24Aug 14$1.30102.0%51.4%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 5 found (cheapest 4.51% of stock, avg 6.96%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$45.00Jul 24$1.25$0.78$2.03$42.97$47.034.51%
$46.00Jul 31$0.80$1.90$2.70$43.30$48.706.00%
$48.00Jul 24$0.28$2.80$3.08$44.92$51.086.85%
$45.00Jul 31$2.33$1.23$3.56$41.44$48.567.91%
$49.00Jul 24$0.63$3.65$4.28$44.72$53.289.51%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 42 found (cheapest 1.40% of stock, avg 3.66%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$48.00$43.00Jul 24$0.28$0.35$0.63$42.37$48.63
$48.50$43.00Jul 24$0.30$0.35$0.65$42.35$49.15
$47.50$41.00Jul 31$0.73$0.18$0.91$40.09$48.41
$48.00$44.00Jul 24$0.28$0.65$0.93$43.07$48.93
$48.50$44.00Jul 24$0.30$0.65$0.95$43.05$49.45
$49.00$43.00Jul 24$0.63$0.35$0.98$42.02$49.98
$48.00$41.00Jul 31$0.80$0.18$0.98$40.02$48.98
$47.50$42.00Jul 31$0.73$0.28$1.01$40.99$48.51
$48.00$42.00Jul 31$0.80$0.28$1.08$40.92$49.08
$49.00$41.00Jul 31$0.90$0.18$1.08$39.92$50.08

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 4 found (best R:R 6.14, avg credit $1.13)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
42/4445/46Jul 31$2.15$0.356.14$42.35$47.15
43/4445/47Jul 24$0.95$1.050.90$42.55$45.95
41/4248/49Jul 31$0.45$0.550.82$41.55$48.95
42/4448/49Jul 31$0.97$1.530.63$43.53$49.47

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 3 found (best R:R 4.00, cheapest $0.20)

CALLS (3)
LowMidHighExpiryDebitMax GainR:R
$37.00$38.00$39.00Jul 24$0.20$0.804.00
$48.00$48.50$49.00Jul 24$0.31$0.190.61
$47.50$48.00$48.50Jul 31$0.38$0.120.32
PUTS (0)
No puts found

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 16 found (best net $-0.40, 8 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$46.00$48.501:2Aug 7-$1.37$1.13
$45.00$47.001:2Jul 24-$0.95$1.05
$46.00$47.501:2Jul 31-$0.66$0.84
$48.00$48.501:2Jul 24-$0.32$0.18
$40.00$45.001:2Aug 21$1.35$3.65
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$43.001:2Aug 14-$0.40$1.60
$42.00$41.001:2Jul 31-$0.08$0.92
$45.00$44.001:2Jul 24-$0.52$0.48
$46.00$45.001:2Jul 31-$0.56$0.44
$44.50$42.001:2Jul 31$0.34$2.16

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 3 found (best yield 2.22%, avg 1.55%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$45.00Aug 21$1.000.510.0%2.22%2.24%4--
$46.00Aug 21$0.900.472.2%2.00%4.25%6303
$46.00Aug 7$0.200.472.2%0.44%2.69%10--

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 1,838
Total Puts 296
Put/Call Ratio 0.16
Net Difference 1,542

Prior's Put/Call Breakdown

Total Calls 761
Total Puts 814
Put/Call Ratio 1.07
Net Difference -53

Prior 7-Day Put/Call Summary

Total Calls 13,790
Total Puts 5,911
Average Put/Call Ratio 0.54
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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