Notable Wednesday Option Activity: JBTM, MGM, PVH

MGM Resorts International (MGM) and PVH Corp (PVH) are experiencing significant options trading volumes today, with MGM's total options volume representing 49.5% of its average daily share trading and PVH's representing 48.6%. Notably, MGM saw high activity in the August 2025 $39.50 call option (17,674 contracts), suggesting potential bullish positioning, while PVH recorded substantial volume in the September 2025 $75 put option (723 contracts), indicating potential bearish sentiment or hedging.

Analysis

MGM Resorts International (MGM) and PVH Corp (PVH) are exhibiting unusual options market activity, with volumes representing a significant portion of their respective average daily share trading. For MGM, options volume reached 49.5% of its average daily share volume, driven overwhelmingly by a single contract: the August 29, 2025, $39.50 strike call. This specific option saw 17,674 contracts traded, representing approximately 1.8 million underlying shares. Such a large, concentrated position in a long-dated call option strongly suggests a significant bullish bet on the company's stock appreciating above the $39.50 level over the next year. Similarly, PVH's options volume accounted for 48.6% of its average daily share volume. The notable activity here was in the September 19, 2025, $75 strike put option, with 723 contracts traded. This concentration in a long-dated put contract indicates potential bearish sentiment or, alternatively, a substantial hedging strategy being implemented to protect against a decline below the $75 price point.

Key Decisions for Investors

• Investors with an interest in MGM should investigate potential long-term catalysts that could justify the significant bullish positioning observed in the August 2025 $39.50 call options, as this activity signals strong conviction from market participants.