someone with a lot of money to spend has taken a bearish stance on mgm resorts intl mgm and retail traders should know we noticed this today when the big position showed up on publicly available options history that we track here at benzinga whether this is an institution or just a wealthy individual we dont know but when something this big happens with mgm it often means somebody knows something is about to happen the overall sentiment of these bigmoney traders is split between 30 bullish and 70 bearish out of all of the options we uncovered there was 1 put for a total amount of 148050 and 9 calls for a total amount of 429788 taking into account the volume and open interest on these contracts it appears that whales have been targeting a price range from 320 to 470 for mgm resorts intl over the last 3 months in terms of liquidity and interest the mean open interest for mgm resorts intl options trades today is 187071 with a total volume of 1427200 in the following chart we are able to follow the development of volume and open interest of call and put options for mgm resorts intls big money trades within a strike price range of 320 to 470 over the last 30 days mgm resorts intl option volume and open interest over last 30 days where is mgm resorts intl standing right now   with a volume of 5659748 the price of mgm is up 605 at 3331   rsi indicators hint that the underlying stock may be approaching overbought   next earnings are expected to be released in 96 days what the experts say on mgm resorts intl   credit suisse has decided to maintain their outperform rating on mgm resorts intl which currently sits at a price target of 67   jp morgan has decided to maintain their overweight rating on mgm resorts intl which currently sits at a price target of 48   wells fargo has decided to maintain their overweight rating on mgm resorts intl which currently sits at a price target of 53 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 benzinga pro gives you realtime options trades alerts