MGM Resorts International (MGM)
Overview · Option chain · Volatility · Expected-move history · Earnings
Cboe delayed options data · as of 15:41 UTC · Figures derived from the full chain (524 contracts, 11 expirations) · IV own-history percentile appears after 60 recorded days (28 so far)
Expected move · Nov 20, 2026 (32 days)
Methodology →Read from option prices: the at-the-money straddle costs this much, so the market is pricing a move of about that size in either direction by this date. It is an estimate of movement, not a prediction of direction.
Options are pricing a move of about ±10.2% (range 25.36–31.11) by Nov 20, 2026. ATM straddle: 2.88 @ strike 28 · ATM IV: 42.8%.
Probability distribution
Model & assumptions →The curve shows where a lognormal model, fed with current implied volatility, puts the range of outcomes at this expiration. Shaded: the expected-move band.
| Level | vs price | P(above)Model-estimated chance the stock finishes above a level at expiration, derived from current IV under a lognormal model with stated assumptions — an estimate, not a prediction. | P(below) |
|---|---|---|---|
| 25.41 | -10% | 77.8% | 22.2% |
| 26.82 | -5% | 63.3% | 36.7% |
| 28.23 | +0% | 47.5% | 52.5% |
| 29.64 | +5% | 32.7% | 67.3% |
| 31.05 | +10% | 20.8% | 79.2% |
Model-estimated probabilities of finishing above/below each level at expiration: estimates under stated assumptions, not predictions.
Probability explorer
Drag the slider to any level and see the model-estimated chance the stock finishes above or below it at the selected expiration.
Horizon: Nov 20, 2026 · lognormal model with zero drift: an estimate, not a prediction. Assumptions
Expirations
Open the chain →| Expires | DTEDays to expiration, in calendar days. | Implied move | ATM IV | Open int. |
|---|---|---|---|---|
| Nov 20, 2026 | 32 | ±10.2% | 42.8% | 21.5K |
| Dec 18, 2026 | 60 | ±12.8% | 39.4% | 51.9K |
| Jan 15, 2027 | 88 | ±15.1% | 38.4% | 58.3K |
| Mar 19, 2027 | 151 | ±19.7% | 38.2% | 22.9K |
Open interest by strike · Nov 20
Where option positions are concentrated. Teal bars are calls, red bars are puts; the dashed line is the current price.
Largest open-interest concentrations (all expirations ≤ 60 days): 40 C · 18.9K30 P · 4,42833 C · 3,14432 C · 3,13039 C · 3,091
IV term structure
Volatility page →At-the-money implied volatility for each expiration. A hump around a date often marks a scheduled event the market is pricing.
When does open interest expire?
Implied vs realized volatility
HV from our stored daily closes (annualized); IV30 interpolated from the chain. Method
Price, last 60 sessions
Daily closes; Financial Modeling Prep.
Track record
Full history →Of 20 recorded snapshot-versus-outcome comparisons so far, the close landed inside the expected range 30.0% of the time.
Past earnings reactions
Avg |reaction| 5.4% · median 3.3% (20 reports). Two-session close-to-close window; definition
About MGM Resorts International
MGM Resorts International, through its various divisions, manages and possesses casino, lodging, and entertainment complexes across the United States and Macau. The company's operations are segmented into three main areas: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its resort properties offer a comprehensive suite of amenities including gaming facilities, accommodation, convention spaces, dining options, entertainment venues, retail outlets, and more. Beyond traditional slots and table games, its casino activities also encompass online sports wagering and iGaming through its BetMGM platform. As of February 17, 2021, its extensive portfolio comprised 29 distinct hotel and gaming destinations. Notable assets include its properties on the Las Vegas Strip and the Fallen Oak golf course. The company caters to a diverse clientele, including high-stakes gamblers, vacationers, wholesale travel groups, business travelers, and organizational clients such as conventions, trade groups, and small conferences. Originally known as MGM MIRAGE, the firm rebranded to MGM Resorts International in June 2010. Established in 1986, MGM Resorts International is headquartered in Las Vegas
Consumer Cyclical · Gambling, Resorts & Casinos · NYSE · Profile: Financial Modeling Prep
Related securities · Consumer Cyclical
TSLA · IV 45.2%AMZN · IV 40.5%GME · IV 60.1%RIVN · IV 69.0%NKE · IV 37.6%BABA · IV 40.0%