MGM options flow: unusual options activity in MGM Resorts International
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 36 unusual options prints in MGM Resorts International (MGM), $2.6M of tracked premium, leaning firmly bullish. Bullish premium was $1.7M against $545K bearish; $1.6M went into calls and $997K into puts, a put call ratio of 0.61. The largest print was $700K of MGM 16 Oct 2026 $40 calls on 22 September 2026, executed at ask. The last session with prints, 25 September 2026, added 6 prints and $287K of premium. MGM closed at $32.58 on 25 September 2026, down 3.3%.
This week's unusual flow
Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 22 Sep 2026 | MGM 16 Oct 2026 $40 calls | Trade | 4,000 | 18,578 | $700K | At ask | Bullish | Notable |
| 24 Sep 2026 | MGM 18 Dec 2026 $45 puts | Trade | 202 | 302 | $218K | At bid | Bullish | Notable |
| 24 Sep 2026 | MGM 18 Dec 2026 $33 puts | Trade | 750 | 1,064 | $150K | At ask | Bearish | |
| 25 Sep 2026 | MGM 18 Dec 2026 $30 puts | Sweep | 1,000 | 309 | $112K | Above ask | Bearish | High conviction |
| 21 Sep 2026 | MGM 16 Oct 2026 $42 calls | Trade | 956 | 3,523 | $81K | At ask | Bullish | |
| 21 Sep 2026 | MGM 16 Oct 2026 $40 calls | Sweep | 675 | 9,256 | $80K | At bid | Bearish | Notable |
| 23 Sep 2026 | MGM 16 Oct 2026 $40 calls | Sweep | 500 | 25,845 | $78K | At bid | Neutral | |
| 23 Sep 2026 | MGM 16 Oct 2026 $40 calls | Sweep | 428 | 25,845 | $77K | At ask | Bullish | Notable |
| 24 Sep 2026 | MGM 18 Dec 2026 $31 puts | Trade | 660 | 729 | $76K | At bid | Neutral | |
| 23 Sep 2026 | MGM 16 Oct 2026 $41 calls | Trade | 431 | 1,236 | $67K | At ask | Bullish | |
| 24 Sep 2026 | MGM 15 Dec 2028 $33 calls | Sweep | 67 | 12 | $64K | At bid | Neutral | Notable |
| 23 Sep 2026 | MGM 16 Oct 2026 $40 calls | Trade | 375 | 25,845 | $58K | At ask | Bullish |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 16 Oct 2026 | 19 | $1.6M | 89% | +$908K |
| 18 Dec 2026 | 8 | $707K | 5% | +$106K |
| 20 Nov 2026 | 5 | $176K | 38% | +$84K |
| 15 Dec 2028 | 2 | $98K | 100% | +$34K |
| 17 Sep 2027 | 1 | $38K | 0% | +$38K |
| 19 Mar 2027 | 1 | $30K | 100% | +$30K |
The most premium, $1.6M, is aimed at the 16 Oct 2026 expiry.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | MGM 18 Dec 2026 $30 puts | Sweep | 1,000 | 309 | $112K | Above ask | Bearish | High conviction |
| 25 Sep 2026 | MGM 18 Dec 2026 $31 puts | Sweep | 500 | 665 | $47K | At bid | Bullish | Notable |
| 25 Sep 2026 | MGM 18 Dec 2026 $31 puts | Trade | 400 | 665 | $42K | At bid | Bullish | |
| 25 Sep 2026 | MGM 19 Mar 2027 $35 calls | Trade | 87 | 86 | $30K | At ask | Bullish | Notable |
| 25 Sep 2026 | MGM 20 Nov 2026 $37 puts | Trade | 60 | 115 | $29K | At ask | Bearish |
Every print in MGM with its full detail, the live tape, one tap filters and saved screeners: open MGM in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open MGM in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 14 firms, have a median of $50, 51.9% above the last close. The last 90 days brought 1 upgrade.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About MGM Resorts International
- Exchange
- NYSE
- Sector
- Consumer Discretionary
- Industry
- Restaurants, Hotels, Motels
- Headquarters
- LAS VEGAS, Nevada
- Website
- mgmresorts.com
MGM Resorts International owns and operates casino, hotel, and entertainment resorts in the United States and Macau. As of February 17, 2021, its portfolio consisted of 29 hotel and destination gaming offerings. The company was formerly known as MGM MIRAGE and changed its name in 2010.
In the same sector
Flow pages for other Consumer Discretionary names in the S&P 500:
AMZN Amazon Com Inc.TSLA Tesla, Inc.HD Home Depot, Inc.MCD McDonalds Corp.TJX TJX Companies Inc.BKNG Booking Holdings Inc.SBUX Starbucks Corp.LOW Lowes Companies Inc.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for MGM with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open MGM in Options Sentiment Screener