MGM Resorts Intl (NYSE:MGM) Stock, Quote.Headers.trade-ideas

MGM Resorts Intl

MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.

Hilversum,,Netherlands,-,January,18,,2014:,The,National,Football,League

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A sports bettor made a wild prediction for the Thursday Night Football game between the Miami Dolphins and Buffalo Bills that came true.

NFL Fan Turns $100 Bet Into $25K With Wild Football Prediction For Thursday Night Game

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The presidential debate between Vice President Kamala Harris and Ex-President Donald Trump shifted the betting odds for the winner on Election Day.



Here’s a look at who has the edge and how the markets have shifted in recent months.

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The first week of the NFL season shows home teams favored by sportsbooks. A look at the betting odds and how Comcast could win big in the first week.

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MGM Resorts Intl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) short percent of float has risen 59.01% since its last report. The company recently reported that it has 17.67 million shares sold short, which is 7.68% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>MGM Resorts Intl Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726689663_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for MGM Resorts Intl has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing MGM Resorts Intl's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, MGM Resorts Intl's peer group average for short interest as a percentage of float is 4.43%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

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(MGM) - Analyzing MGM Resorts Intl's Short Interest

BetMGM preferred source for sports betting odds across the USA TODAY Network
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.gannett.com%2F&amp;esheet=54122054&amp;newsitemid=20240916827292&amp;lan=en-US&amp;anchor=Gannett+Co.%2C+Inc.&amp;index=1&amp;md5=6856c1057b6d436c06b32599cd86e30e">Gannett Co., Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCI#NYSE">GCI</a>) today announced a multi-year strategic partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.betmgminc.com%2F&amp;esheet=54122054&amp;newsitemid=20240916827292&amp;lan=en-US&amp;anchor=BetMGM&amp;index=2&amp;md5=a22b7a88f5de76d40e60b1d7e90005d9">BetMGM</a>, a leading sports betting and iGaming operator. As part of the agreement, BetMGM will serve as the preferred online sportsbook and casino partner for <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fsportsbookwire.usatoday.com%2F&amp;esheet=54122054&amp;newsitemid=20240916827292&amp;lan=en-US&amp;anchor=USA+TODAY+Sports&amp;index=3&amp;md5=7f6aeab81a7356ad90464be11b7e25f8">USA TODAY Sports</a> providing sports betting odds and betting information across the expansive <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fsportsdata.usatoday.com%2F&amp;esheet=54122054&amp;newsitemid=20240916827292&amp;lan=en-US&amp;anchor=USA+TODAY+Network&amp;index=4&amp;md5=459d9509a8aefd1ac6ca5da294a9fa77">USA TODAY Network</a> in more than 200 local U.S. markets across 43 states with more than 300 digital news and media brands in the portfolio.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240916827292/en/">https://www.businesswire.com/news/home/20240916827292/en/</a>

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Gannett and BetMGM Announce Multi-Year Partnership, BetMGM Will Serve As The Preferred Online Sportsbook And Casino Partner For USA TODAY Sports Providing Sports Betting Odds And Betting Information Across The Expansive USA TODAY Network

Buffalo Bills quarterback Josh Allen kept <a href="https://www.benzinga.com/general/entertainment/24/09/40841727/nfl-week-2-betting-odds-media-stocks-to-watch-will-josh-allen-stay-perfect-on-thursdays-can">his perfect record</a> in Thursday NFL games intact with a 31-10 win over the Miami Dolphins, but it was two other players that helped a bettor make $25,000 in one of the craziest parlays in some time.
What Happened: A Thursday Night Football matchup between the Bills and Dolphins on Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video featured two 1-0 teams and two of the teams favored to <a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-">win Super Bowl LIX.</a>
The Bills dominated the game in the 31-10 win. The Dolphins may have lost more than just the game with quarterback Tua Tagovailoa exiting the game with a concussion with questions about his return, as well as his football future after multiple concussions in recent years.
Bills running back James Cook paced the team with three touchdowns, two rushing and one receiving, all in the first half of the game.
Cook had no touchdowns in the team's week 1 win and had only two rushing touchdowns and four receiving touchdowns in the 2023 NFL season.
That didn't stop one bettor from placing a $100 bet on Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>)-owned sportsbook FanDuel for Cook to score three touchdowns in the game. Cook scored two touchdowns in one single game in 2023, the only time in his short NFL career.
The bettor also parlayed Cook scoring three touchdowns in the game with Dolphins running back De&#8217;Von Achane scoring a touchdown in the first quarter of the game. Achane had two touchdowns in the Dolphins Week 1 win and eight rushing touchdowns and three receiving touchdowns in 2023. Achane was a game-time decision for the Dolphins with an injury almost keeping him from playing.
The $100 <a href="https://x.com/FDSportsbook/status/1834438102552903814">bet </a>placed with FanDuel had odds of +25,597 with a 10% profit included. The ticket cashed in the first half of the game with Achane scoring in the first quarter, Cook getting one touchdown in the first quarter and adding two touchdowns in the second quarter.
The bettor made a profit of $25,597.20 on the bet. While some social media users have questioned the bet slip as being fake, FanDuel shared the slip on its account.
Bleacher Report's betting social media account <a href="https://x.com/br_betting/status/1834411453677277307">called </a>the win "the most absurd ticket ever."
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40774768/draftkings-wins-in-week-1-nfl-season-app-moves-up-rankings-a-good-weekend-for-the-s">DraftKings Wins In Week 1 NFL Season, App Moves Up Rankings: &#8216;A Good Weekend For The Sportsbooks&#8217;</a>
What's Next: The outcome of the Bills and Dolphins game may have been a big win for sportsbooks. BetMGM's John Ewing <a href="https://x.com/johnewing/status/1834378961750470735">said </a>the best outcomes for sportsbooks would be Dolphins winning, Bills covering the +2.5 spread, the under 48.5 hitting, Tyreek Hill not scoring a touchdown and Josh Allen not scoring a touchdown. Four of the five items happened with only the Dolphins failing to win.
BetMGM, which is a joint venture between MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain, may have got a strong start to the second week of the NFL season with the outcome.
The Bills saw its Super Bowl LIX betting odds improve going from +1,600 at the start of the season to +1,300 thanks to the 2-0 start. The Bills are one of 12 NFL teams to <a href="https://www.benzinga.com/general/sports-betting/24/09/40720484/which-4-teams-have-never-reached-the-super-bowl-betting-payouts-if-history-is-made-in-2024">never win a Super Bowl</a>, going 0-4 in the big game. The Bills face the Jacksonville Jaguars in a Monday Night Football clash in week three of the NFL season.
The Dolphins saw its odds to win Super Bowl LIX fall to +4,000 with questions over its quarterback. The team faces off against the Seattle Seahawks in week three.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a></li>
</ul>
Photo: Shutterstock

High-rolling investors have positioned themselves bullish on MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in MGM often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for MGM Resorts Intl. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $101,024, and 7 calls, totaling $409,196.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $33.0 to $38.5 for MGM Resorts Intl over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of MGM Resorts Intl stands at 365.0, with a total volume reaching 13,487.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in MGM Resorts Intl, situated within the strike price corridor from $33.0 to $38.5, throughout the last 30 days.
<h3>MGM Resorts Intl Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726243667_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.8</td>
<td>$5.75</td>
<td>$5.75</td>
<td>$33.00</td>
<td>$143.7K</td>
<td style="text-align: right;">591</td>
<td>401</td>
</tr>
<tr>
<td>MGM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.54</td>
<td>$1.46</td>
<td>$1.54</td>
<td>$38.50</td>
<td>$101.0K</td>
<td style="text-align: right;">149</td>
<td>658</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$0.88</td>
<td>$0.86</td>
<td>$0.87</td>
<td>$37.00</td>
<td>$59.8K</td>
<td style="text-align: right;">182</td>
<td>5.0K</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.8</td>
<td>$5.7</td>
<td>$5.7</td>
<td>$33.00</td>
<td>$55.8K</td>
<td style="text-align: right;">591</td>
<td>99</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$35.00</td>
<td>$48.0K</td>
<td style="text-align: right;">538</td>
<td>170</td>
</tr>
</tbody>
</table>

<h3>About MGM Resorts Intl</h3>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
Following our analysis of the options activities associated with MGM Resorts Intl, we pivot to a closer look at the company's own performance.
<h3>MGM Resorts Intl's Current Market Status</h3>
<ul>
<li>With a volume of 2,336,858, the price of MGM is up 2.6% at $36.84. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 54 days.</li>
</ul>
<h3>What The Experts Say On MGM Resorts Intl</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $43.0.
<ul>
<li>Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on MGM Resorts Intl with a target price of $43. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for MGM Resorts Intl, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

A Closer Look at MGM Resorts Intl's Options Market Dynamics

ATLANTIC CITY, N.J. (AP) — People began betting on which political party would win control of Congress in the November elections within minutes of a judge's ruling Thursday allowing the bets — the only ones to be legally approved by a U.S. jurisdiction.
 <a href="https://apnews.com/article/betting-on-elections-kalshi-gambling-trump-harris-882f1e6e4f434f0e6ac6e5985a5583ce" title="https://apnews.com/article/betting-on-elections-kalshi-gambling-trump-harris-882f1e6e4f434f0e6ac6e5985a5583ce">https://apnews.com/article/betting-on-elections-kalshi-gambling-trump-harris-882f1e6e4f434f0e6ac6e5985a5583ce</a>

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MLCO

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'Money flows on US election bets minutes after judge clears way, but appeal looms' - AP

The presidential debate between Vice President Kamala Harris and Ex-President Donald Trump shifted the betting odds for the <a href="https://www.benzinga.com/topic/election-day">winner on Election Day</a>.
Here&#8217;s a look at who has the edge and how the markets have shifted in recent months.
What Happened: Harris has been performing well in recent election polls and her performance at<a href="https://www.benzinga.com/news/24/09/40806876/final-showdown-trump-and-harris-face-off-in-intense-debate-just-eight-weeks-before-election-day"> the presidential debate</a> against Trump could continue to show momentum with gains from undecided voters.
The betting odds are near even between the two candidates at Bet365, as reported by <a href="https://www.covers.com/politics/us-election-betting-odds">Covers</a>. Harris now has the edge at -125 with Trump ranking close behind at +100. These betting odds translate to around a 55.5% implied chance of Harris winning the election and implied odds of 50% of Trump winning the election — just to illustrate how close the election remains.
Harris saw her odds improve to -110 and take the status of the betting favorite after the presidential debate. News of global superstar Taylor Swift&#8216;s <a href="https://www.benzinga.com/general/entertainment/24/09/40815602/trump-shakes-off-taylor-swifts-harris-endorsement-in-2024-election-shell-probably-pay-a-pri">endorsing Harris</a> sent the vice president's odds to -125, making her a bigger favorite to win the election.
For comparison, Trump was the favorite at odds of -125 and Harris was listed at +100 <a href="https://www.benzinga.com/general/sports-betting/24/08/40238227/trump-vs-harris-presidential-odds-and-betting-markets-show-near-toss-up-but-this-candidate">back in August.</a>
BetMGM, which is a joint venture between Entain and MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), doesn't offer betting on political outcomes to U.S. customers, but its Ontario customers can bet on the 2024 election.
On BetMGM, Trump is listed as the favorite at -135, improving from odds of +100 before the debate, as <a href="https://x.com/johnewing/status/1833928497993277639">reported </a>by BetMGM's John Ewing. Trump has 70% of the money on him to win since the debate at BetMGM according to Ewing.
Prediction market&nbsp;Polymarket, which calls itself the world&#8217;s largest prediction market, offers betting on items in categories such as politics, sports, cryptocurrency, pop culture and more.
On Polymarket, users can deposit funds using USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) via the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) network, or directly from a crypto account with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). In each betting market, the winning option pays out at $1.
The prediction market for the winner of the 2024 presidential election has attracted over $870 million in wagers on Polymarket. Here are the current <a href="https://polymarket.com/event/presidential-election-winner-2024">odds</a>:
<ul>
<li>Donald Trump: 50%</li>
<li>Kamala Harris: 48.5%</li>
</ul>
Trump has <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40818633/donald-trump-clings-on-to-1-5-election-odds-lead-on-polymarket-but-kamala-harris-has-alrea">mostly been in the lead </a>on Polymarket, with Harris remaining close and sometimes taking the lead. Trump held a lead of eight points ahead of the debate before the two candidates ended up tied after the debate and shortly after. The former president regained a lead on Polymarket Wednesday.
Similar to sportsbooks, the prediction market shows a near toss-up between the two candidates.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It&#8217;s Important:&nbsp;The new betting odds mark a shift in the odds from July. After&nbsp;<a href="https://www.benzinga.com/general/politics/24/07/39780356/trumps-2024-election-betting-odds-hit-record-high-after-assassination-attempt-payouts-for-ex-pre" target="_blank" rel="noreferrer noopener">an assassination attempt</a>&nbsp;on Trump in Pennsylvania, his odds hit -250 as a larger favorite with Biden listed at +500 and Harris at +800.
Following the<a href="https://www.benzinga.com/general/sports-betting/24/07/39868243/2024-election-betting-odds-joe-biden-has-8-chance-of-winning-according-to-sportsbooks-pred" target="_blank" rel="noreferrer noopener">&nbsp;first presidential debate</a>, Trump had odds of -175, with Harris at +400 topping the odds of Biden at +800 before his withdrawal from the race.
In&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39625294/2024-election-betting-odds-react-to-biden-debate-disaster-trump-odds-hit-all-time-high-kam" target="_blank" rel="noreferrer noopener">late June</a>, Trump was listed with odds of -188 with Biden at +350 and Harris significantly behind at +2,200.
Keep in mind that back in January 2021, it was Harris who was the favorite to win the 2024 election with odds of +350 based on the plan that Biden would not run for re-election. Biden and Trump trailed Harris at the time at odds of +400 and +650, respectively.
Harris has closed the gap between the Democratic and Republican parties and her debate performance has now made it more likely that she wins the 2024 election.
A recent Morning Consult poll showed Harris with a<a href="https://www.benzinga.com/general/politics/24/09/40805945/harris-vs-trump-vice-president-holds-3-point-lead-ahead-of-presidential-debate-but-swing-states-"> three-point lead </a>over Trump among nationally registered voters who are likely to vote in the upcoming election.
Harris has also shown a lead among Independent voters and young voters in a recent poll, which could be two key voter groups that decide the 2024 election.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image: Shutterstock

Trump Vs. Harris: 2024 Election Betting Odds Show 'Love Story' For Vice President After Debate, Taylor Swift Endorsement

10 analysts have shared their evaluations of MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $53.7, a high estimate of $63.00, and a low estimate of $43.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 1.58%. 
<img src="https://www.benzinga.com/files/images/story/2024/1725469264_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A clear picture of MGM Resorts Intl's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$43.00</td>
<td>$44.00</td>
</tr>
<tr>
<td>Chad Beynon</td>
<td>Macquarie</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Lowers</td>
<td>Market Outperform</td>
<td>$57.00</td>
<td>$59.00</td>
</tr>
<tr>
<td>Steven Wieczynski</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$63.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$53.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Joseph Stauff</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$55.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Jordan Bender</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$59.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Daniel Politzer</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$55.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Stephen Grambling</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$44.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Clark Lampen</td>
<td>BTIG</td>
<td>Announces</td>
<td>Buy</td>
<td>$53.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to MGM Resorts Intl. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MGM Resorts Intl compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of MGM Resorts Intl's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into MGM Resorts Intl's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MGM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on MGM Resorts Intl analyst ratings.</a>
<h2>Unveiling the Story Behind MGM Resorts Intl</h2>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
<h3>MGM Resorts Intl's Financial Performance</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Positive Revenue Trend: Examining MGM Resorts Intl's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 9.77% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: MGM Resorts Intl's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.33% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): MGM Resorts Intl's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.61%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): MGM Resorts Intl's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.45%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: MGM Resorts Intl's debt-to-equity ratio stands notably higher than the industry average, reaching 9.77. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Navigating 10 Analyst Ratings For MGM Resorts Intl

Morgan Stanley analyst Stephen Grambling maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Equal-Weight and lowers the price target from $44 to $43.

Price Target

Morgan Stanley Maintains Equal-Weight on MGM Resorts Intl, Lowers Price Target to $43

The offering of notes was upsized from the originally announced aggregate principal amount of&nbsp;$675 million. The transaction is expected to close on September&nbsp;17, 2024, subject to customary closing conditions.

Offerings

MGM Resorts Prices Public Offering Of $850M Of 6.125% Senior Notes Due 2029 At Par

The 2024 National Football League season kicks off Thursday. Sept. 5 with a game featuring the Baltimore Ravens and the Kansas City Chiefs, which is hoping to become the first NFL team to win<a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-"> three straight Super Bowls.</a>
Here's a look at the betting odds and media companies that could benefit in the first week of the 2024 NFL season.
Week 1 Betting Odds: The Chiefs are picked as the betting favorite to win Super Bowl LIX as the<a href="https://www.benzinga.com/topic/nfl"> top NFL team </a>for the season. Before the NFL Playoffs kick off there is the regular season with each team playing 17 games, starting with all 32 teams in action for the first week.
Here are the Week 1 matchups and the betting odds from sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)
<ul>
<li>Baltimore Ravens at Kansas City Chiefs -3</li>
<li>Green Bay Packers at (in Brazil) Philadelphia Eagles -3</li>
<li>Arizona Cardinals at Buffalo Bills -6</li>
<li>Houston Texans -2.5 at Indianapolis Colts</li>
<li>Pittsburgh Steelers at Atlanta Falcons -3</li>
<li>Carolina Panthers at New Orleans Saints -4</li>
<li>Minnesota Vikings -1.5 at New York Giants</li>
<li>Tennessee Titans at Chicago Bears -4</li>
<li>New England Patriots at Cincinnati Bengals -8.5</li>
<li>Jacksonville Jaguars at Miami Dolphins -3</li>
<li>Denver Broncos at Seattle Seahawks -6</li>
<li>Las Vegas Raiders at Los Angeles Chargers -3</li>
<li>Dallas Cowboys at Cleveland Browns -2.5</li>
<li>Washington Commanders at Tampa Bay Buccaneers -3</li>
<li>Los Angeles Rams at Detroit Lions -3.5</li>
<li>New York Jets at San Francisco 49ers -4.5</li>
</ul>
A quick look at the betting odds shows that sportsbooks are putting a lot of love on the home teams, with only two away teams favored for the first week.
NFL fans and sports bettors might do well to remember the past two seasons when looking at the bias for home teams. In the 2023 season, 10 away teams won in the opening week with only six home teams securing the early win. In the 2022 season, 9 away teams won, with six home teams winning and one tie.
At DraftKings, some of the top favorites for bettors are the away Texans -2.5 with 73% of bets according to sports betting writer Ben Fawkes. The Dolphins -3.5, Eagles -2.5, Bengals -8.5 and Cowboys +2.5 are also getting plenty of action.
At BetMGM, which is a joint venture from MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain, the Texans -2.5 are also the most bet team at 78% of bets. The Dolphins -3, Vikings -1.5 and Bengals -9 are the next most bet teams against the spread, according to BetMGM's John Ewing.
Read Also: <a href="https://www.benzinga.com/general/sports/24/08/40607642/jeff-bezos-could-have-competition-if-he-wants-the-nfls-seattle-seahawks-private-equity-investments">Jeff Bezos Could Have Competition If He Wants The NFL&#8217;s Seattle Seahawks: Private Equity Investments Get League Approval</a>
Media Stocks on Watch: NFL games continue to rank among some of the most-watched television events of the year.
In 2023, 45 of the most watched primetime telecasts were NFL games, according to&nbsp;<a href="https://variety.com/2023/tv/news/most-watched-shows-2023-ncis-oscars-blue-bloods-super-bowl-yellowstone-1235854795/" target="_blank" rel="noreferrer noopener">Variety</a>. Outside of the Super Bowl and NFL playoffs, which ranked as the top five games, Comcast led with games ranked 6, 7, 8, 9 and 10.
There are multiple national television games for the first week of the NFL season listed below:
Thursday, Sept. 5, 8:20 p.m. ET: Ravens, Chiefs on NBC, a unit of Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)
Friday, Sept. 6, 8:15 p.m. ET: Packers, Eagles on Peacock, a unit of Comcast
Sunday, Sept. 8: 8:20 p.m. ET: Rams, Lions on NBC, a unit of Comcast
Monday, Sept. 9: 8:15 p.m. ET: Jets, 49ers on ABC, ESPN, units of Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)
The Sunday 1 p.m. ET and 4 p.m. ET games will be broadcast by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>) unit CBS and Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) unit FOX.
While coverage will vary by location, the Browns, Cowboys game is expected to get a strong national audience with the game marking NFL legend Tom Brady's Fox NFL regular season debut calling the game.
Comcast gets three of the four national primetime games for the first week, which could be a good opportunity for the company in the advertising department.
While they don't have any primetime games in the first week, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) could also benefit from a strong 2024 NFL season with their rights to Thursday Night Football games and two Christmas Day NFL games respectively.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/08/40555085/sports-illustrated-predicts-detroit-lions-to-win-super-bowl-heres-how-much-100-bet-could-p">Sports Illustrated Predicts Detroit Lions To Win Super Bowl: Here&#8217;s How Much $100 Bet Could Pay If History Is Made</a></li>
</ul>
Photo via Shutterstock.

Sports betting operator DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) looks strong compared to competitors for promotional activity, market share and more ahead of the<a href="https://www.benzinga.com/topic/nfl"> 2024 NFL season.</a>
The DraftKings Analyst: Needham analyst Bernie McTernan reiterated a Buy rating and $60 price target on DraftKings.
The Analyst Takeaways: The start of the NFL season is one of the most important times of year for sports betting companies, McTernan said in a new note.
The analyst looked at promotional activity, app rankings, market share and more metrics to see how DraftKings compares to market leader FanDuel, which is a unit of Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) and other sports betting operators.
"The promo environment is slightly more aggressive than last year, which is important given the key investor debate on the stocks is '25 estimates, specifically revenue growth and incremental margins," McTernan said of DraftKings.
DraftKings current new customer offer is $250 in free bets along with one month of NFL+ Premium. For comparison, FanDuel is also offering $250 in free bets along with a three-week free trial of NFL Sunday Ticket. The $250 is higher than $200 offered by both last year, the analyst noted.
Rival Fanatics is listed as the most generous to start the season with $1,000 in matching free bets over a 10-day period.
The FanDuel app beat out DraftKings in the last NFL season, with the ESPN Bet app from Penn Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) topping the category after it launched in November.
Ahead of the 2024 NFL season, FanDuel ranks ahead of DraftKings with Fanatics and BetMGM ranking third and fourth.
ESPN, which is owned by Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) has the top sports media and fantasy sports apps heading into the season. The strong interest in ESPN could play out well for Penn Entertainment, which licenses the ESPN brand for its ESPN Bet sportsbook.
Read Also:<a href="https://www.benzinga.com/news/earnings/24/08/40116073/draftkings-q2-earnings-highlights-sports-betting-company-launches-1-billion-buyback-misses-on-reven"> DraftKings Q2 Earnings Highlights: Sports Betting Company Launches $1-Billion Buyback, Misses On Revenue, Beats On Earnings</a>
The analyst highlighted an update for ESPN Bet ahead of the season that sees more parlays, trending bets, exclusives, early payouts and further integration with ESPN apps and sportscasts.
"Overall, these product updates highlight PENN is executing on its plan for what they can control."
A look at market share comparisons from the analyst for the shows DraftKings and FanDuel with a clear lead and duopoly.
FanDuel led the way with 37.8% market share in 20234 compared to 34.8% for DraftKings. FanDuel also led in the first and second quarters with 38.7% and 37.3% compared to 34.4% and 37.0%, respectively.
DraftKings got closer to FanDuel in the second quarter and the third quarter could be a key time for the two operators with NFL and NCAA Football back in full action.
ESPN Bet had 3.2% market share in 2024 and market share of 4.6% and 3.1%, respectively, in the first two quarters of 2024. The Penn product continues to see minimal market share despite the large audience ESPN commands.
Ranking third was BetMGM, a joint venture from Entain and MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>). BetMGM had a market share of 8.6% in 2023 and posted a market share of 7.9% in both the first and second quarters. While BetMGM ranks third, the brand has also seen its market share fall from 12.1% in 2022 as DraftKings and FanDuel continue to gain share against the competition.
While there have been several competitors launching against DraftKings and FanDuel over the years, the two leaders have been able to fend them off and grow.
"Within this market, we believe DKNG has a sustainable customer acquisition strategy that should continue to drive its first- or second-place position in all states."
DKNG Price Action: DraftKings stock trades at $34.51 versus a 52-week trading range of $25.74 to $49.57. DraftKings stock is up 2.7% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports/24/08/40607642/jeff-bezos-could-have-competition-if-he-wants-the-nfls-seattle-seahawks-private-equity-investments">Jeff Bezos Could Have Competition If He Wants The NFL&#8217;s Seattle Seahawks: Private Equity Investments Get League Approval</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Reiteration

DraftKings Stock Ahead Of 2024 NFL Season: Analyst Says Promos 'More Aggressive Than Last Year'

MGM Resorts International Proposes To Offer $675M In Aggregate Principal Amount Of Senior Notes Due 2029

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>YUMC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$35.00</td>
<td>$1.1 million</td>
<td>19.9K</td>
<td>5.0K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$30.00</td>
<td>$67.0K</td>
<td>10.7K</td>
<td>2.8K</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$80.00</td>
<td>$78.1K</td>
<td>3.7K</td>
<td>2.5K</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$37.00</td>
<td>$83.8K</td>
<td>172</td>
<td>2.0K</td>
</tr>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$25.00</td>
<td>$46.1K</td>
<td>7.1K</td>
<td>890</td>
</tr>
<tr>
<td>ZK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$15.00</td>
<td>$36.5K</td>
<td>892</td>
<td>618</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/30/24</td>
<td>$290.00</td>
<td>$36.1K</td>
<td>648</td>
<td>548</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$300.00</td>
<td>$29.1K</td>
<td>14.0K</td>
<td>544</td>
</tr>
<tr>
<td>ANF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/30/24</td>
<td>$140.00</td>
<td>$54.1K</td>
<td>650</td>
<td>502</td>
</tr>
<tr>
<td>CHWY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$32.50</td>
<td>$115.2K</td>
<td>3.9K</td>
<td>406</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For YUMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>), we notice a call option trade that happens to be bearish, expiring in 141 day(s) on January 17, 2025. This event was a transfer of 5000 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $1.1 million, with a price of $236.0 per contract. There were 19920 open contracts at this strike prior to today, and today 5005 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a call option trade that happens to be bearish, expiring in 22 day(s) on September 20, 2024. This event was a transfer of 838 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $67.0K, with a price of $80.0 per contract. There were 10744 open contracts at this strike prior to today, and today 2829 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option sweep that happens to be bullish, expiring in 50 day(s) on October 18, 2024. This event was a transfer of 737 contract(s) at a $80.00 strike. This particular put needed to be split into 48 different trades to become filled. The total cost received by the writing party (or parties) was $78.1K, with a price of $106.0 per contract. There were 3747 open contracts at this strike prior to today, and today 2588 contract(s) were bought and sold. 
• Regarding MGM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), we observe a call option trade with bearish sentiment. It expires in 1 day(s) on August 30, 2024. Parties traded 1375 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $83.8K, with a price of $61.0 per contract. There were 172 open contracts at this strike prior to today, and today 2008 contract(s) were bought and sold. 
• For CPNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), we notice a call option sweep that happens to be bullish, expiring in 295 day(s) on June 20, 2025. This event was a transfer of 199 contract(s) at a $25.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $46.1K, with a price of $232.0 per contract. There were 7157 open contracts at this strike prior to today, and today 890 contract(s) were bought and sold. 
• Regarding ZK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>), we observe a put option sweep with bullish sentiment. It expires in 22 day(s) on September 20, 2024. Parties traded 591 contract(s) at a $15.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $36.5K, with a price of $61.0 per contract. There were 892 open contracts at this strike prior to today, and today 618 contract(s) were bought and sold. 
• Regarding LULU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>), we observe a call option sweep with neutral sentiment. It expires in 1 day(s) on August 30, 2024. Parties traded 94 contract(s) at a $290.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.1K, with a price of $385.0 per contract. There were 648 open contracts at this strike prior to today, and today 548 contract(s) were bought and sold. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option trade with bullish sentiment. It expires in 78 day(s) on November 15, 2024. Parties traded 89 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $328.0 per contract. There were 14016 open contracts at this strike prior to today, and today 544 contract(s) were bought and sold. 
• Regarding ANF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), we observe a call option sweep with neutral sentiment. It expires in 1 day(s) on August 30, 2024. Parties traded 125 contract(s) at a $140.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $54.1K, with a price of $430.0 per contract. There were 650 open contracts at this strike prior to today, and today 502 contract(s) were bought and sold. 
• For CHWY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>), we notice a call option sweep that happens to be bullish, expiring in 141 day(s) on January 17, 2025. This event was a transfer of 378 contract(s) at a $32.50 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $115.2K, with a price of $305.0 per contract. There were 3964 open contracts at this strike prior to today, and today 406 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CHWY

CPNG

LULU

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

YUMC

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Financial giants have made a conspicuous bullish move on MGM Resorts Intl. Our analysis of options history for MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) revealed 8 unusual trades.
Delving into the details, we found 75% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $108,054, and 6 were calls, valued at $213,450.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $30.0 to $41.0 for MGM Resorts Intl during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for MGM Resorts Intl's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across MGM Resorts Intl's significant trades, within a strike price range of $30.0 to $41.0, over the past month.
<h3>MGM Resorts Intl Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724691640_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MGM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.5</td>
<td>$4.4</td>
<td>$4.4</td>
<td>$41.00</td>
<td>$65.5K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">149</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$11.25</td>
<td>$11.15</td>
<td>$11.25</td>
<td>$30.00</td>
<td>$45.0K</td>
<td style="text-align: right;">630</td>
<td style="text-align: right;">220</td>
</tr>
<tr>
<td>MGM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.7</td>
<td>$3.6</td>
<td>$3.6</td>
<td>$41.00</td>
<td>$42.4K</td>
<td style="text-align: right;">599</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$11.3</td>
<td>$11.25</td>
<td>$11.3</td>
<td>$30.00</td>
<td>$33.9K</td>
<td style="text-align: right;">630</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$11.35</td>
<td>$11.2</td>
<td>$11.25</td>
<td>$30.00</td>
<td>$33.7K</td>
<td style="text-align: right;">630</td>
<td style="text-align: right;">150</td>
</tr>
</tbody>
</table>

<h3>About MGM Resorts Intl</h3>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 35,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 62% of total EBITDAR in 2023. MGM also owns US regional assets, which represented low-20s of 2023 EBITDAR (MGM's Macao EBITDAR was 17% of the total in 2023). MGM's US sports and iGaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. Further, we estimate MGM will open a resort in Japan in 2030.
Having examined the options trading patterns of MGM Resorts Intl, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of MGM Resorts Intl</h3>
<ul>
<li>With a volume of 1,500,590, the price of MGM is down -2.2% at $38.08. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 72 days.</li>
</ul>
<h3>Professional Analyst Ratings for MGM Resorts Intl</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $56.6.
<ul>
<li>An analyst from Wells Fargo has decided to maintain their Overweight rating on MGM Resorts Intl, which currently sits at a price target of $53. </li>
<li>An analyst from JMP Securities persists with their Market Outperform rating on MGM Resorts Intl, maintaining a target price of $57. </li>
<li>Maintaining their stance, an analyst from Macquarie continues to hold a Outperform rating for MGM Resorts Intl, targeting a price of $55. </li>
<li>An analyst from Susquehanna persists with their Positive rating on MGM Resorts Intl, maintaining a target price of $55. </li>
<li>An analyst from Stifel persists with their Buy rating on MGM Resorts Intl, maintaining a target price of $63. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MGM Resorts Intl with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

MGM Resorts Intl Unusual Options Activity For August 26

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$210.00</td>
<td>$25.4K</td>
<td>7.2K</td>
<td>23.7K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$90.00</td>
<td>$156.9K</td>
<td>24.1K</td>
<td>9.1K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$175.00</td>
<td>$34.6K</td>
<td>6.0K</td>
<td>8.4K</td>
</tr>
<tr>
<td>CAVA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$115.00</td>
<td>$30.8K</td>
<td>0</td>
<td>4.7K</td>
</tr>
<tr>
<td>PTON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$3.00</td>
<td>$93.0K</td>
<td>4.6K</td>
<td>3.5K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$140.00</td>
<td>$27.5K</td>
<td>1.5K</td>
<td>2.4K</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$37.00</td>
<td>$43.2K</td>
<td>1.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$90.00</td>
<td>$47.3K</td>
<td>681</td>
<td>942</td>
</tr>
<tr>
<td>CTRN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$25.00</td>
<td>$25.4K</td>
<td>2.2K</td>
<td>883</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$33.00</td>
<td>$57.0K</td>
<td>15.7K</td>
<td>635</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on August 30, 2024. Parties traded 106 contract(s) at a $210.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $240.0 per contract. There were 7212 open contracts at this strike prior to today, and today 23787 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on September 20, 2024. This event was a transfer of 1200 contract(s) at a $90.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $156.9K, with a price of $130.0 per contract. There were 24126 open contracts at this strike prior to today, and today 9127 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bearish, expiring in 7 day(s) on August 30, 2024. This event was a transfer of 200 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $34.6K, with a price of $173.0 per contract. There were 6031 open contracts at this strike prior to today, and today 8466 contract(s) were bought and sold. 
• Regarding CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we observe a put option trade with bearish sentiment. It expires in 7 day(s) on August 30, 2024. Parties traded 199 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $30.8K, with a price of $155.0 per contract. There were 0 open contracts at this strike prior to today, and today 4715 contract(s) were bought and sold. 
• For PTON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>), we notice a call option sweep that happens to be bearish, expiring in 56 day(s) on October 18, 2024. This event was a transfer of 499 contract(s) at a $3.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $93.0K, with a price of $187.0 per contract. There were 4622 open contracts at this strike prior to today, and today 3584 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on August 30, 2024. Parties traded 50 contract(s) at a $140.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $550.0 per contract. There were 1508 open contracts at this strike prior to today, and today 2419 contract(s) were bought and sold. 
• For MGM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), we notice a call option sweep that happens to be bearish, expiring in 28 day(s) on September 20, 2024. This event was a transfer of 163 contract(s) at a $37.00 strike. This particular call needed to be split into 72 different trades to become filled. The total cost received by the writing party (or parties) was $43.2K, with a price of $265.0 per contract. There were 1943 open contracts at this strike prior to today, and today 1000 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a put option trade that happens to be bearish, expiring in 84 day(s) on November 15, 2024. This event was a transfer of 55 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $47.3K, with a price of $861.0 per contract. There were 681 open contracts at this strike prior to today, and today 942 contract(s) were bought and sold. 
• Regarding CTRN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>), we observe a put option sweep with bearish sentiment. It expires in 84 day(s) on November 15, 2024. Parties traded 26 contract(s) at a $25.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $25.4K, with a price of $980.0 per contract. There were 2233 open contracts at this strike prior to today, and today 883 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a call option sweep that happens to be neutral, expiring in 28 day(s) on September 20, 2024. This event was a transfer of 150 contract(s) at a $33.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $57.0K, with a price of $380.0 per contract. There were 15763 open contracts at this strike prior to today, and today 635 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BABA

CAVA

CTRN

PTON

10 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$300.00</td>
<td>$44.3K</td>
<td>48.8K</td>
<td>4.5K</td>
</tr>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$77.50</td>
<td>$37.6K</td>
<td>273</td>
<td>3.1K</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$35.00</td>
<td>$511.7K</td>
<td>168</td>
<td>1.0K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$155.00</td>
<td>$605.0K</td>
<td>3.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$54.00</td>
<td>$27.5K</td>
<td>4.2K</td>
<td>884</td>
</tr>
<tr>
<td>FIVE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$100.00</td>
<td>$70.4K</td>
<td>359</td>
<td>501</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$90.00</td>
<td>$40.4K</td>
<td>7.5K</td>
<td>318</td>
</tr>
<tr>
<td>M</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$19.00</td>
<td>$32.4K</td>
<td>661</td>
<td>289</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$90.00</td>
<td>$94.3K</td>
<td>386</td>
<td>270</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$105.00</td>
<td>$26.2K</td>
<td>486</td>
<td>241</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option trade that happens to be bearish, expiring in 150 day(s) on January 17, 2025. This event was a transfer of 41 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $44.3K, with a price of $1082.0 per contract. There were 48819 open contracts at this strike prior to today, and today 4587 contract(s) were bought and sold. 
• For WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we notice a put option sweep that happens to be neutral, expiring in 87 day(s) on November 15, 2024. This event was a transfer of 80 contract(s) at a $77.50 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $37.6K, with a price of $470.0 per contract. There were 273 open contracts at this strike prior to today, and today 3131 contract(s) were bought and sold. 
• For MGM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), we notice a call option sweep that happens to be bearish, expiring in 514 day(s) on January 16, 2026. This event was a transfer of 508 contract(s) at a $35.00 strike. This particular call needed to be split into 132 different trades to become filled. The total cost received by the writing party (or parties) was $511.7K, with a price of $1010.0 per contract. There were 168 open contracts at this strike prior to today, and today 1016 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be neutral, expiring in 213 day(s) on March 21, 2025. This event was a transfer of 1000 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $605.0K, with a price of $605.0 per contract. There were 3373 open contracts at this strike prior to today, and today 1001 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a put option sweep that happens to be bearish, expiring in 122 day(s) on December 20, 2024. This event was a transfer of 55 contract(s) at a $54.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.5K, with a price of $500.0 per contract. There were 4210 open contracts at this strike prior to today, and today 884 contract(s) were bought and sold. 
• For FIVE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), we notice a call option sweep that happens to be bearish, expiring in 185 day(s) on February 21, 2025. This event was a transfer of 128 contract(s) at a $100.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $70.4K, with a price of $550.0 per contract. There were 359 open contracts at this strike prior to today, and today 501 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bullish, expiring in 150 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $40.4K, with a price of $404.0 per contract. There were 7523 open contracts at this strike prior to today, and today 318 contract(s) were bought and sold. 
• For M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), we notice a call option trade that happens to be bullish, expiring in 87 day(s) on November 15, 2024. This event was a transfer of 282 contract(s) at a $19.00 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $115.0 per contract. There were 661 open contracts at this strike prior to today, and today 289 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a put option sweep with bullish sentiment. It expires in 213 day(s) on March 21, 2025. Parties traded 165 contract(s) at a $90.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $94.3K, with a price of $575.0 per contract. There were 386 open contracts at this strike prior to today, and today 270 contract(s) were bought and sold. 
• Regarding ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we observe a put option sweep with bearish sentiment. It expires in 59 day(s) on October 18, 2024. Parties traded 189 contract(s) at a $105.00 strike. This particular put needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $139.0 per contract. There were 486 open contracts at this strike prior to today, and today 241 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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SBUX

The Minnesota Vikings were one of several NFL teams to use a first-round pick in the 2024 NFL Draft to select a quarterback that could become the<a href="https://www.benzinga.com/general/sports-betting/24/04/38501129/2024-nfl-draft-recap-quarterbacks-wide-receivers-detroit-set-records-who-will-win-rookie-o"> face of the franchise.</a>
An injury to rookie quarterback J.J. McCarthy will see that plan take a backseat as Sam Darnold is likely to be the starter for the Vikings for the entire 2024 NFL season.
What Happened: The Kansas City Chiefs<a href="https://www.benzinga.com/general/sports-betting/24/07/39752864/bettors-favor-kansas-city-chiefs-for-super-bowl-three-peat-heres-a-look-at-how-states-are-"> remain the favorite</a> with sportsbooks to win a record third-straight Super Bowl, but the odds of the Vikings winning a Super Bowl shrunk with the latest injury news.
Odds at DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) currently lists the Vikings with odds of +8,000 to win the Super Bowl, compared to +7,500 months ago. The Vikings have odds of +300 to make the NFL Playoffs and rank last in the odds to win the NFC North division at odds of +950.
The Vikings didn&#8217;t<a href="https://www.benzinga.com/general/sports-betting/24/03/37635003/super-bowl-betting-shakeup-how-top-nfl-signings-are-reshaping-the-odds"> extend a contract</a> with former quarterback Kirk Cousins, who later signed with the Atlanta Falcons.
The Falcons have current odds of +3,000 to win the Super Bowl.  
Darnold is listed as the starting QB for the Vikings in the 2024 season and was expected to start at least one game before McCarthy took over. With McCarthy out for the full season, Darnold will now be expected to start all 17 games for the NFC North team.
The bad news for Vikings fans is Darnold has put up sub-par numbers as a starter since being drafted third overall by the New York Jets in 2018. Across stints with the Jets, Carolina Panthers and San Francisco 49ers, Darnold has a 29-38 career record.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40371798/fanduels-best-us-performance-in-q2-pressures-draftkings-to-scrap-surcharge-plan">FanDuel&#8217;s &#8216;Best US Performance&#8217; In Q2 Pressures DraftKings To Scrap Surcharge Plan</a>
Betting Odds: Darnold has a 22-33-1 record against the spread, <a href="https://x.com/EvanHAbrams/status/1823780075881271318">according </a>to Action Network's Evan Abrams. This record, which means that Darnold failed to beat the spread set by sportsbooks in 33 of the 56 games, ranks worst among quarterbacks since 2018 when the QB was drafted.
Abrams said a bettor would be out $1,206 if they bet on Darnold to cover the spread in every game he's played. Bettors will likely become increasingly aware of this stat line and could bet against the Vikings to cover in games during the 2024 season. 
Another stat <a href="https://x.com/SharpFootball/status/1823835571258843159">shared </a>by Warren Sharp on X is that Darnold has a career completion rate of 59.7% and has never topped the 62% mark. The NFL average over the last 10 years is 63.9%. Darnold ranks 47th out of 48 quarterbacks in the metric.
Adding insult to injury, Sharp said Cousins at 67.4% ranks fourth of the 48 quarterbacks.
Darnold is listed with odds of +10,000 to win NFL MVP and odds of +1,200 to win Comeback Player of the Year. Cousins, meanwhile, has odds of +3,500 to win NFL MVP.
Darnold's odds to win Comeback Player of the Year have surged since the McCarthy injury news going from +5,000 at BetMGM, a joint venture between MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain to +2,000 as <a href="https://x.com/johnewing/status/1823509846563676180">reported </a>by BetMGM's John Ewing.
While Darnold winning MVP may have improved with a full season ahead, one bettor wasn't concerned about McCarthy potentially becoming the starter.
The bettor placed a $250 bet on Darnold to win MVP at FanDuel, which is a unit of Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>), at odds of +30,000. The bet will pay out $75,000 according to a <a href="https://x.com/BFawkes22/status/1810037138718937284">tweet </a>from Ben Fawkes last month.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports/24/01/36617385/michigans-unsung-heroes-who-helped-deliver-national-championship-will-other-college-football-progr">Michigan&#8217;s Unsung Heroes Who Helped Deliver National Championship: Will Other College Football Programs Follow Suit?</a></li>
</ul>

J.J. McCarthy Injury: Bad News For Minnesota Vikings Fans, Good News For Bettors?

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Shares of hotel, restaurant and leisure companies are trading higher following strong economic data that helps ease recession concerns.

Strategic alliance pairs MGM Resorts' gaming expertise with Grupo Globo's superior reach and consumer knowledge in the Brazilian market
LAS VEGAS, Aug. 15, 2024 /PRNewswire/ -- MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) ("MGM Resorts" or the "Company") and Grupo Globo, Latin America's largest media group, today announced the formation of a new venture to seek a sports betting and iGaming license in Brazil. If its license is approved later this year, the new venture will launch in Brazil in early 2025 under the BetMGM brand, bringing a responsible, best-in-class betting platform to one of the newest and fastest-growing regulated markets in the world.

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Mgm Resorts International, Grupo Globo Form New Venture Seeking Sports Betting & iGaming License In Brazil To Launch In Early 2025

Inspirato Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ispo#NASDAQ">ISPO</a>) reported drab second-quarter 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. Both metrics declined on a year-over-year basis.
Dismal Travel and Subscription revenues hampered ISPO&#39;s quarterly performance. However, operational efficiencies led to year-over-year improvements in the cost of revenues, gross margin, Adjusted EBITDA loss and negative free cash flow.
The company completed a comprehensive transaction with One Planet, securing a $10-million investment in exchange for approximately 2.9 million new shares of Inspirato Class A Common Stock and about 2.9 million warrants. This investment significantly improved liquidity and enhanced its ability to meet operational goals. ISPO expects that portfolio optimization and a reduced cost structure will help achieve future profitability goals.
<h3>Inside the Headlines</h3>
In the quarter under review, ISPO reported an adjusted loss per share of $2.25, wider than the Zacks Consensus Estimate of a loss of $2.05. In the prior-year quarter, it reported adjusted earnings per share of $1.80.
Total revenues of $67.4 million missed the Zacks Consensus Estimate of $69.9 million. The top line declined 19.9% on a year-over-year basis.
<div class="chart_embed">
<h3>Inspirato Incorporated Price, Consensus and EPS Surprise</h3>
<img alt="Inspirato Incorporated Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/68/1723644151.png" style="height:268px; width:581px" title="" />
Inspirato Incorporated price-consensus-eps-surprise-chart | Inspirato Incorporated Quote
Revenues from the Travel and Subscription segments came in at $38.8 million and $25.2 million, down 19.1% and 30% year over year, respectively. The Rewards and other segment delivered revenues amounted to $3.3 million, up from 0.1 million reported in the year-ago quarter.
ISPO ended the quarter with about 12,000 members and approximately 12,700 active subscriptions. This total includes around 10,800 Inspirato Club subscriptions and about 1,900 Inspirato Pass subscriptions.
</div>
<h3>Operating Highlights</h3>
In the quarter under discussion, the gross margin was $16.2 million against a gross margin loss of $10.7 million in the year-ago quarter.
Adjusted EBITDA loss was $9.1 million compared with $11.6 million reported in the year-ago quarter. Net loss of $15.4 million was down from the year-ago quarter&#39;s level of $46.7 million.
<h3>Financials</h3>
As of Jun 30, 2024, the company had cash and cash equivalents of $18.8 million compared with $36.6 million as of Dec 31, 2023. Lease liabilities, noncurrent, as of Jun 30, 2024, was $185.2 million, down from $196.9 million at 2023-end.
<h3>Zacks Rank &amp; Recent Consumer Discretionary Releases</h3>
Inspirato currently has a Zacks Rank #3 (Hold).
Hyatt Hotels Corporation delivered second-quarter 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The company&#39;s top line declined year over year.
The timing of Easter, renovations at major resort properties and the lingering impact of the 2023 Maui wildfires affected the company&#39;s performance. As of Jun 30, 2024, Hyatt had a pipeline of executed management or franchise contracts of approximately 670 hotels (or about 130,000 rooms). Management anticipates 2024 system-wide RevPAR to rise 3-4% from the 2023 level, down from the prior estimate of 3-5%.
MGM Resorts International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mgm#NYSE">MGM</a>) reported impressive second-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate. The bottom and top lines increased on a year-over-year basis.
During the quarter, the company exhibited strong financial performance and growth, setting a record for MGM China Adjusted Property EBITDAR. Also, it stated the benefits of Las Vegas expansion and strategic partnership with Marriott. MGM&#39;s meetings and convention business witnessed improvement, supported by the remodel of Mandalay Bay. Given the strategic initiatives and significant progress, management is optimistic and anticipates the momentum to continue for the remainder of 2024.
JAKKS Pacific, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jakk#NASDAQ">JAKK</a>) reported second-quarter 2024 results, with earnings and revenues missing the Zacks Consensus Estimate. Both the bottom and top lines missed the consensus estimate for the third straight quarter.
Soft sales hindered the company&#39;s performance in the Toys/Consumer Products segment due to lower sales in North America, accompanied by a fall in Costumes sales. Furthermore, increased SG&amp;A expenses, risks underlining the Costume business and depleting liquidity were additional headwinds.
<a href="https://www.zacks.com/stock/news/2322174/inspirato-ispo-q2-earnings-revenues-lag-estimates-down-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2322174">To read this article on Zacks.com click here.</a>

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Inspirato Q2 Earnings & Revenues Lag Estimates, Down Y/Y

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In a report released today, Stephen Grambling from Morgan Stanley maintained a Hold rating on MGM Resorts (MGM – Research Report), with a price tar...

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Analyst Shaun Kelley of Bank of America Securities maintained a Hold rating on MGM Resorts (MGM – Research Report), with a price target of $42.00. ...

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MGM Resorts applies for a gaming license in the UAE

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Press Releases

BetMGM Sports Betting App Leads Industry with Only Seamless Nationwide Access for Nevada Bettors

MGM COLLECTION UNVEILS FIRST FOUNTAINS OF BELLAGIO SHOW CHOREOGRAPHED BY A GUEST

MGM RESORTS & BETMGM TO INCREASE RESPONSIBLE GAMING MESSAGING AT NFL STADIUMS DURING UPCOMING SEASON

MGM Resorts International Announces Proposed Senior Notes Offering

Jamie Foxx Stars in New BetMGM TV Campaign for 2024 Football Season

MGM Resorts International Prices $850,000,000 in Senior Notes

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MGM Resorts Signs Agreement to Increase Renewable Energy Use

Gannett and BetMGM Announce Multi-Year Partnership

PEPSI® Dig In Brings Pinky Cole Hayes's Slutty Vegan and Five More Restaurants to Las Vegas For the First Time as Part of Culinary Residency Program at MGM Resorts International

MGM Resorts International Chief Financial Officer to Speak at Deutsche Bank Conference

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MGM Resorts Intl (MGM) Forecast

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