MGM Resorts International (MGM) Covered Calls
MGM Resorts International is a global hospitality and entertainment company operating a portfolio of destination resort brands. The firm specializes in world-class gaming, lodging, dining, entertainment, and retail offerings. Its iconic properties include well-known landmarks on the Las Vegas Strip and a growing international presence in Asia. Through its digital ventures, the company also provides online sports betting and gaming platforms to a diverse global audience.
You can sell covered calls on MGM Resorts International to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for MGM (prices last updated Fri 4:16 PM ET):
| MGM Resorts International (MGM) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 38.59 | +0.10 | 38.25 | 39.00 | 4.3M | 51 | 10 |
| Covered Calls For MGM Resorts International (MGM) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| May 15 | 39 | 1.60 | 37.40 | 4.3% | 54.1% | |
| Jun 18 | 39 | 2.35 | 36.65 | 6.4% | 37.1% | |
| Subscribers get access to the full covered call chain, and more features. | ||||||
Want to make money with covered calls? Sign Up For A Free Trial
Core Business and Products
MGM Resorts International (MGM) is a premier global operator of integrated resorts. The company’s business model revolves around creating high-energy environments that combine luxury hospitality with world-class entertainment and gaming. Its portfolio features iconic Las Vegas properties such as the Bellagio, MGM Grand, and ARIA, along with several regional locations across the United States. A significant portion of its growth also stems from MGM China, which operates major resort complexes in the vital gaming hub of Macau.
The company has successfully expanded into the digital realm through its sports betting and iGaming joint venture, BetMGM. This digital platform allows the firm to reach customers beyond its physical properties, capturing market share in the rapidly growing mobile wagering sector. By integrating its traditional loyalty programs with its digital offerings, the company creates a seamless ecosystem where guests earn rewards whether they are playing on a casino floor or using a smartphone application.
Competitive Landscape
The global hospitality and gaming industry is highly competitive, characterized by high capital requirements and significant regulatory oversight. The company competes for leisure and business travelers based on property quality, entertainment variety, and loyalty incentives. Its position is strengthened by its massive footprint on the Las Vegas Strip, which serves as a primary destination for global conventions and large-scale tourism events.
Key competitors and peers in the resort and gaming industry include:
- Caesars Entertainment: A major domestic rival with a extensive network of casinos and a strong digital presence.
- Wynn Resorts: A luxury-focused peer that competes directly for high-end gaming and hospitality customers.
- Las Vegas Sands: A global competitor with a dominant position in the Asian gaming markets.
- DraftKings: A primary competitor in the digital sports betting and online gaming space.
- Hyatt Hotels: A global lodging peer that competes for high-end travelers and convention business.
Strategic Outlook and Innovation
The strategic focus of the company is on global expansion and the optimization of its existing portfolio. A major pillar of its long-term vision is the development of an integrated resort in Japan, which is expected to open a significant new market for its hospitality expertise. The company is also reinvesting in its flagship Las Vegas properties to maintain their premium status through extensive renovations and the introduction of new culinary and entertainment concepts.
Innovation is centered on the guest experience through the deployment of advanced technology. The firm is implementing AI-powered concierge services and personalized marketing tools to tailor guest stays based on individual preferences. Additionally, the company is prioritizing sustainable luxury by integrating renewable energy and water conservation technologies into its resort operations. This commitment to modernizing the travel experience ensures the firm remains a leader in the evolving global hospitality landscape.
| Top 10 Open Interest For May 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV covered calls | 6. | GLD covered calls | 1. | CMPX covered calls | |
| 2. | NVDA covered calls | 7. | HYG covered calls | 2. | FRMI covered calls | |
| 3. | TLT covered calls | 8. | QQQ covered calls | 3. | AXTI covered calls | |
| 4. | IBIT covered calls | 9. | KWEB covered calls | 4. | STNE covered calls | |
| 5. | SPY covered calls | 10. | EEM covered calls | 5. | CLF covered calls | |
Want more examples? MGK Covered Calls | MGNI Covered Calls
Risk Disclosure: Trading options involves significant risk and is not suitable for all investors. The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Nothing contained on this site is an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities or financial instruments.
Covered Call Strategy Risks: While covered call writing is often considered a conservative options strategy, it is not without risk. By selling a covered call, you are limiting your potential upside profit from the underlying stock. You remain exposed to the full downside risk of owning the underlying stock. In the event of a significant decline in the stock price, the premium received may not be sufficient to offset your losses.
No Guarantee of Performance: Past performance is not indicative of future results. Any examples, calculations, or hypothetical scenarios presented on this site are for illustrative purposes only and do not guarantee future returns or outcomes. Market conditions, liquidity, and trading system failures can affect your ability to execute trades at desired prices.
You should consult with a qualified professional advisor and conduct your own due diligence before making any investment decisions. By using this website, you acknowledge that you are responsible for your own investment decisions and agree to release this site and its affiliates from any liability relating to your use of this information. See the OCC's Characteristics and Risks of Standardized Options for more info.
