TRU-SENTIMENT · DeltaNeutral

MGM Trading Analysis - 09/21/2026 01:35 PM — TRU-SENTIMENT

Options chain · Stock chart · Baseline chart

MGM (MGM RESORTS INTERNATIONAL) at $38.60. True Sentiment Bullish, delta 40-60 call 98% / put 2%, call $1,690,475 vs put $29,840. RSI 27.2.

Symbol: MGM
Price: $38.60
Article bias (separate from True Sentiment): bullish
Conviction: medium
Published: 2026-09-21 13:35:00 ET
Author: DeltaNeutral staff

TRUE SENTIMENT ANALYSIS (DELTA 40-60 OPTIONS)

True Sentiment Analysis (Delta 40-60 Options):

Overall options flow sentiment: Bullish

Call vs Put dollar volume: Calls ($1,690,475) vs Puts ($29,840), indicating strong bullish conviction.

Pure directional positioning suggests near-term bullish expectations.

Key Statistics: MGM

$37.81 +0.00%

52-Week Range

$29.18 - $51.59

Market Cap

$19.34B

P/E (TTM)

22.92

PEG Ratio

N/A

Beta

N/A

Next Earnings

N/A

Avg Volume

$4.28M

Dividend Yield

N/A

Fundamental Snapshot

Valuation

P/E (Trailing)	22.92
P/E (Forward)	N/A
PEG Ratio	N/A
Price/Book	5.74

Profitability

EPS (Trailing)	$1.65
EPS (Forward)	N/A
ROE	20.00%
Net Margin	3.79%

Financial Health

Revenue (TTM)	$17.76B
Debt/Equity	1.80
Free Cash Flow	N/A
Rev Growth	N/A

Analyst Consensus

None

Target: $N/A

Based on None Analysts

📈 Analysis

News Headlines & Context:

Recent news headlines for MGM Resorts International (MGM) include:

Casino stocks, including MGM, have seen increased activity due to potential M&A activity and earnings reports.
MGM Resorts has been in focus as investors await the company's earnings report, which is expected to provide insights into the current state of the gaming industry.
The company has also been making significant investments in its properties and digital platforms to enhance customer experience and drive growth.

These headlines suggest that MGM is in a dynamic environment with potential for growth, but also faces challenges that could impact its stock performance.

Fundamental Analysis:

Based on the provided fundamentals data:

Revenue: $17,761,442,000
Trailing EPS: $1.65
Trailing P/E: 22.92
Debt/Equity: 1.80
Return on Equity (ROE): 20.00%

The company's fundamentals indicate a stable financial position, with a reasonable P/E ratio and a strong ROE. However, the debt/equity ratio suggests that MGM has a significant amount of debt, which could be a concern for investors.

Current Market Position:

Current price: $38.62

Recent price action: The stock has been trading in a range, with a recent uptick in price.

Key support and resistance levels:

Level	Price
Support	$37.50
Resistance	$40.00

Intraday momentum and trends: The minute bars show a slight uptrend in the recent sessions.

Technical Analysis:

SMA trends:

SMA	Price
5-day SMA	$38.47
20-day SMA	$40.79
50-day SMA	$43.34

RSI (14): 27.24, indicating oversold conditions.

MACD: -1.5 (MACD), -1.2 (Signal), -0.3 (Histogram), showing a bearish signal.

Bollinger Bands: The stock price is near the lower band, indicating potential for a bounce.

30-day high/low: $44.42 (high), $37.50 (low), with the current price near the lower end of the range.

True Sentiment Analysis (Delta 40-60 Options):

Overall options flow sentiment: Bullish

Call vs Put dollar volume: Calls ($1,690,475) vs Puts ($29,840), indicating strong bullish conviction.

Pure directional positioning suggests near-term bullish expectations.

Key Price Levels:

Support

$37.50

Resistance

$40.00

25-Day Price Forecast:

MGM is projected for $38.50 to $42.00

Based on current SMA trends, RSI momentum, MACD signals, and recent volatility (ATR), the stock is expected to trade within this range.

Defined Risk Strategy Recommendations:

Based on the price forecast:

Bull Call Spread: Buy MGM 261016C00038000 (1.9) and Sell MGM 261016C00040000 (1.25), Expiration: 2026-10-16
Bear Put Spread: Buy MGM 261016P00038000 (1.15) and Sell MGM 261016P00036000 (0.5), Expiration: 2026-10-16
Iron Condor: Sell MGM 261016C00039000 (1.5) and Buy MGM 261016C00041000 (0.75), Sell MGM 261016P00035000 (0.35) and Buy MGM 261016P00037000 (0.8), Expiration: 2026-10-16

Risk Factors:

Technical warning signs: RSI oversold conditions, MACD bearish signal
Sentiment divergences: None
Volatility and ATR considerations: High volatility expected

Summary & Conviction Level:

Overall bias: Bullish

Conviction level: Medium

One-line trade idea: Consider buying MGM with a defined risk strategy.

View MGM Options Chain

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice, investment recommendations, or an offer to sell or buy any securities. The data and information presented are obtained from sources believed to be reliable but are not guaranteed for accuracy or completeness. Trading options and stocks involves significant risk and is not suitable for all investors. You should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.