Quantchabot has detected a new Bull Call Spread trade opportunity for MGM RESORTS INTERNATIONAL (MGM) for the 25-Jul-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
MGM was recently trading at $36.85 and has an implied volatility of 33.45% for this period. Based on an analysis of the options available for MGM expiring on 25-Jul-2025, there is a 34.21% likelihood that the underlying will close within the analyzed range of $36.96-$40.31 at expiration. In this scenario, the average linear return for the trade would be 10.76%.
Big 7.16% Change: After closing the last trading session at $34.39, MGM RESORTS INTERNATIONAL opened today at $34.66 and has reached a high of $37.08.
Trade approach: A movement as big as 7.16% is a significantly bullish indicator, so this trade is designed to be profitable if MGM maintains its current direction and does not revert back to pricing on the bearish side of $36.85 on 25-Jul-2025. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if MGM RESORTS INTERNATIONAL closes at or above $36.50 on 25-Jul-2025. Based on our risk-neutral analysis, there is a 55.76% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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