Tour v422
MGM
MGM RESORTS INTL
$46.30 +1.67%
$46.02 (-0.60%)🌙
as of 07/27 06:49 PM
7/27 18:49

Option Volume

Detail
Current (07/27) 4,882
Calls: 1,533 (31%)
Puts: 3,349 (69%)
Prior (07/24) 5,797
Calls: 4,000 (69%)
Puts: 1,797 (31%)
Current vs Prior -15.78%
Calls: -61.68% (Calls)
Puts: +86.37% (Puts)
Prior 7-Day Total 20,866
Calls: 14,467 (69%)
Puts: 6,399 (31%)
Prior 7-Day Average 2,980
Calls: 2,066 (69%)
Puts: 914 (31%)
Current vs Prior 7-Day Avg +63.78%
Calls: -25.82%
Puts: +266.35%
Sentiment BEARISH

Dollar Volume

Detail
Current (07/27) $619.6K
Calls: $464.9K (75%)
Puts: $154.7K (25%)
Prior (07/24) $1.54M
Calls: $1.43M (92%)
Puts: $119.0K (8%)
Current vs Prior -59.89%
Calls: -67.39%
Puts: +30.03%
Prior 7-Day Total $5.48M
Calls: $4.91M (90%)
Puts: $573.9K (10%)
Prior 7-Day Average $783.4K
Calls: $701.4K (90%)
Puts: $82.0K (10%)
Current vs Prior 7-Day Avg -20.91%
Calls: -33.72%
Puts: +88.67%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (07/27) 2.18
Prior (07/24) 0.45
Current vs Prior +386.28%
Prior 7-Day Average 0.54
Current vs Prior 7-Day Avg +305.35%
Sentiment BEARISH

Open Interest

Detail
Current (07/27) 15,721
Calls: 12,840 (82%)
Puts: 2,881 (18%)
Prior (07/24) 29,991
Calls: 19,270 (64%)
Puts: 10,721 (36%)
Current vs Prior -47.58%
Prior 7-Day Total 181,512
Calls: 144,353 (80%)
Puts: 37,159 (20%)
Prior 7-Day Average 25,930
Calls: 20,621 (80%)
Puts: 5,308 (20%)
Current vs Prior 7-Day Avg -39.37%
Sentiment BEARISH

Expected Move

Detail
Expiry (07/31) | Next (08/07)Expiry (08/21) | Next (09/18)
Current 7.52% | 8.38%8.34% | 12.27%
Prior 7.31% | 8.19%9.77% | 13.46%
Current vs Prior +2.79% | +2.31%-14.68% | -8.86%
Prior 7-Day Avg 4.36% | 7.08%8.20% | 12.04%
Current vs 7-Day Avg +72.38% | +18.43%+1.72% | +1.86%
Prior 7-Day Eod 7.31% | 8.19%9.77% | 13.46%
Current vs 7-Day Eod +2.79% | +2.31%-14.68% | -8.86%
Sentiment BEARISHBULLISH

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 75% of dollar volume in calls ($464.9K) vs puts ($154.7K). Light premium activity with dollar volume down 60% vs prior. Extreme bearish P/C ratio of 2.18 - heavy put buying. P/C ratio rising 386% - increased hedging/bearish positioning.

Smart Money BULLISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BEARISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
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. 8 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$38.00Jul 317.809.00$8.4014.3%51.00--
$39.00Jul 316.708.10$7.4018.9%30.98--
$40.00Jul 316.007.60$6.8023.5%30.9638
$39.50Jul 316.207.40$6.8017.6%10.81--
$44.00Aug 211.804.50$3.1585.7%10.71--
PUTS (0)
No puts meet the criteria

Most actively traded options today. High liquidity = easy entry/exit. 36 active (total vol 4.0K, top 2.0K)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$47.00Jul 310.901.40$1.1543.5%3750.4213
$50.00Aug 210.550.75$0.6530.8%1470.242.2K
$48.00Aug 210.151.70$0.93166.7%340.35171
$50.00Jul 310.102.35$1.23182.9%330.3038
$48.50Jul 310.401.10$0.7593.3%290.29160
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$43.00Jul 310.300.55$0.4358.1%2.0K0.20436
$40.00Aug 210.350.60$0.4852.1%1.1K0.14872
$42.00Jul 310.000.45$0.23195.7%250.123
$43.00Aug 70.501.15$0.8378.3%250.24--
$40.50Jul 310.100.45$0.28125.0%200.1117

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 84.6%, max 258.2%)

CALLS (5)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$50.00Jul 31Aug 21141.4%39.5%258.2%1802.3K
$48.50Jul 31Aug 2189.1%40.3%120.8%30176
$48.00Jul 31Aug 2173.3%33.5%119.1%48185
$46.00Jul 31Aug 778.6%52.5%49.7%141.5K
$47.00Jul 31Aug 784.4%57.7%46.3%39113
PUTS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$40.00Jul 31Aug 21101.7%54.1%88.0%1.1K872
$45.00Jul 31Aug 754.5%42.9%27.0%2--
$43.00Jul 31Aug 778.4%67.3%16.6%2.0K436

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 11 found (best R:R 4.00, avg 1.39)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossR:RBE
$48.50$50.00Aug 21$0.43$1.07$0.432.49$48.93
$46.00$47.00Aug 7$0.40$0.60$0.401.50$46.40
$47.00$48.50Aug 7$0.70$0.80$0.701.14$47.70
$47.00$47.50Jul 31$0.25$0.25$0.251.00$47.25
$48.50$49.00Jul 31$0.25$0.25$0.251.00$48.75
BEAR PUT (2)
BuySellExpiryDebitMax GainMax LossR:RBE
$43.00$42.00Jul 31$0.20$0.80$0.204.00$42.80
$43.50$43.00Jul 31$0.25$0.25$0.251.00$43.25

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 13 found (best R:R 7.82, avg 1.58)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossR:RBE
$40.00$46.00Jul 31$5.32$5.32$0.687.82$45.32
$46.50$47.00Jul 31$0.30$0.30$0.201.50$46.80
$45.00$48.00Aug 21$1.67$1.67$1.331.26$46.67
$44.00$45.00Aug 21$0.55$0.55$0.451.22$44.55
$47.50$48.00Jul 31$0.27$0.27$0.231.17$47.77
BULL PUT (3)
SellBuyExpiryCreditMax GainMax LossR:RBE
$46.00$45.00Jul 31$0.70$0.70$0.302.33$45.30
$43.50$43.00Jul 31$0.25$0.25$0.251.00$43.25
$43.00$42.00Jul 31$0.20$0.20$0.800.25$42.80

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 8 found (avg debit $0.29, cheapest $0.08)

CALLS (5)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$48.50Jul 31Aug 7$0.0889.1%52.2%
$51.00Aug 7Aug 21$0.2888.9%65.5%
$48.00Jul 31Aug 21$0.3073.3%33.5%
$47.00Jul 31Aug 7$0.3884.4%57.7%
$46.00Jul 31Aug 7$0.4578.6%52.5%
PUTS (3)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$45.00Jul 31Aug 7$0.1754.5%42.9%
$40.00Jul 31Aug 21$0.28101.7%54.1%
$43.00Jul 31Aug 7$0.4078.4%67.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 3 found (cheapest 6.07% of stock, avg 12.50%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$46.00Jul 31$1.48$1.33$2.81$43.19$48.816.07%
$40.00Jul 31$6.80$0.20$7.00$33.00$47.0015.12%
$39.00Jul 31$7.40$0.15$7.55$31.45$46.5516.31%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 35 found (cheapest 2.29% of stock, avg 3.95%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$48.00$43.00Jul 31$0.63$0.43$1.06$41.94$49.06
$50.00$40.00Aug 21$0.65$0.48$1.13$38.87$51.13
$48.00$45.00Jul 31$0.63$0.63$1.26$43.74$49.26
$48.00$43.50Jul 31$0.63$0.68$1.31$42.19$49.31
$47.50$43.00Jul 31$0.90$0.43$1.33$41.67$48.83
$48.00$44.50Jul 31$0.63$0.75$1.38$43.12$49.38
$48.00$40.00Aug 21$0.93$0.48$1.41$38.59$49.41
$47.50$45.00Jul 31$0.90$0.63$1.53$43.47$49.03
$48.50$40.00Aug 21$1.08$0.48$1.56$38.44$50.06
$47.00$43.00Jul 31$1.15$0.43$1.58$41.42$48.58

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 4 found (best R:R 1.00, avg credit $0.47)

Put SpreadCall SpreadExpiryCreditMax LossR:RBE LowBE High
42/4346/47Jul 31$0.50$0.501.00$42.50$47.00
42/4348/48Jul 31$0.47$0.530.89$42.53$47.97
42/4347/48Jul 31$0.45$0.550.82$42.55$47.45
42/4348/49Jul 31$0.45$0.550.82$42.55$48.95

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 2 found (best R:R 9.00, cheapest $0.05)

CALLS (2)
LowMidHighExpiryDebitMax GainR:R
$46.50$47.00$47.50Jul 31$0.05$0.459.00
$47.50$48.00$48.50Jul 31$0.39$0.110.28
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 $-0.13, 13 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$47.00$48.501:2Aug 7-$0.13$1.37
$48.50$50.001:2Aug 21-$0.22$1.28
$48.50$51.001:2Aug 7-$1.57$0.93
$48.50$49.001:2Jul 31-$0.25$0.25
$47.50$48.001:2Jul 31-$0.36$0.14
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$45.00$43.001:2Aug 7-$0.86$1.14
$40.00$39.001:2Jul 31-$0.10$0.90
$44.50$43.501:2Jul 31-$0.61$0.39
$40.50$40.001:2Jul 31-$0.12$0.38
$43.50$43.001:2Jul 31-$0.18$0.32

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 13 found (best yield 2.38%, avg 1.08%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$47.00Aug 7$1.100.461.5%2.38%3.89%16--
$46.50Jul 31$1.000.470.4%2.16%2.59%2--
$47.00Jul 31$0.900.421.5%1.94%3.46%37513
$48.50Aug 21$0.700.354.8%1.51%6.26%116
$47.50Jul 31$0.650.362.6%1.40%4.00%1--
$50.00Aug 21$0.550.248.0%1.19%9.18%1472.2K
$48.50Jul 31$0.400.294.8%0.86%5.62%29160
$51.00Aug 21$0.400.3210.2%0.86%11.02%39
$48.00Jul 31$0.350.293.7%0.76%4.43%1414
$48.00Aug 21$0.150.353.7%0.32%4.00%34171

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 1,533
Total Puts 3,349
Put/Call Ratio 2.18
Net Difference -1,816

Prior's Put/Call Breakdown

Total Calls 4,000
Total Puts 1,797
Put/Call Ratio 0.45
Net Difference 2,203

Prior 7-Day Put/Call Summary

Total Calls 14,467
Total Puts 6,399
Average Put/Call Ratio 0.54
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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