Close Navigation
Learn more about IBKR accounts
Upside MGM Resorts International (Symbol: MGM) April Calls Trade

OptionWatch:

Upside MGM Resorts International (Symbol: MGM) April Calls Trade

Posted April 11, 2023
Jeff Praissman
Interactive Brokers

This morning 3,500 MGM Resorts International (Symbol: MGM) April 21 ’23 48 calls traded at $0.04. The calls are a 3.5 delta and represent 12,250 shares of MGM stock. Earnings are not expected to be released until May 1, 2023, so this is not an earnings play. This trade may be a cheap bet on the upside if the trader bought the MGM calls or possibly selling covered calls to generate income in an existing stock position.

MGM has a 52-week high of $46.23 and a 52-week low of $26.42.

MGM has a 52-week high of $46.23 and a 52-week low of $26.42.
Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.

Disclosure: Options Trading

Options involve risk and are not suitable for all investors. Multiple leg strategies, including spreads, will incur multiple commission charges. For more information read the "Characteristics and Risks of Standardized Options" also known as the options disclosure document (ODD) or visit ibkr.com/occ

IBKR Campus Newsletters

This website uses cookies to collect usage information in order to offer a better browsing experience. By browsing this site or by clicking on the "ACCEPT COOKIES" button you accept our Cookie Policy.