This is absurdly naive "analysis," but last 2 months of MGM put volume isnt on-its-face inconsistent w/ someone making $ on vegas shooting.pic.twitter.com/ZUwiMoRXIB
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Exactly. But MGM is more diversified than Wynn? So the put could be an unrelated strand of business, right?
theyre pretty concentrated in vegas casinos iirc. (not that it would make a huge difference assuming the hit comes from lawsuit settlement.)
MGM put/call ratio crept up well above the overall equity market it looks like. https://ycharts.com/indicators/cboe_equity_put_call_ratio …
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