MGM Resorts International (MGM) saw its stock price plummet by 5.02% during Tuesday's intraday trading session, reflecting significant downward pressure.

The decline coincided with heavy bearish options activity, as traders placed a notable volume of put bets on the stock. Over 1,196 puts traded, exceeding expectations by 1.2x, with the most active contracts being the Feb-26 31 puts and Mar-26 32 puts. This surge in put volume suggests heightened investor skepticism or hedging against further declines.