The casino operator , which ended the session up 0.15 percent to $13.77, will announce quarterly results before the market opens on May 3. The sector has performed well in the first quarter, but individual companies have certainly seen a volatile ride of ups and downs.
MGM Resorts’ brands include Bellagio, MGM Grand, Mandalay Bay, and the Mirage. It also has a 51 percent interest in MGM China Holdings, which owns the MGM Macau resort and casino, so this company is a powerhouse.
Overall calls at all MGM strikes outpaced putsby about 23,500 to 8,500, a reflection of yesterday’s bullish session. Total option volume in the name was triple the average amount.
—Najarian has no positions in MGM.
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Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC’s “Fast Money” and co-founder of OptionMonster.com.