First things first, days like today have become all too frequent in the last 15 years, where we wake up to news that shakes our humanity. While Brussels, San Bernardino, and Paris capture the news cycle for …
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Let’s check in with some billionaires. First things first, JP Morgan CEO Jamie Dimon bought 500,000 shares of his stock, worth about $27.5 million. We discussed it last night on CNBC’s Fast Money: That’s a …
Continue readingEvent: Wynn Resorts (WYNN) reports Q4 results tonight after the close. The options market is implying about an 8% one day move, which is in line with the 4 qtr average of 8%, but rich …
Continue readingOn Sept 2nd (Name That Trade – For the $WYNN) we took a look Wynn Resorts when the stock was $72. At the time it was already down 50% from its 2015 highs, down 71% …
Continue readingRegular readers of RiskReversal know that we’ve had a long going negative view on Macau gaming stocks and Wynn Resorts (WYNN) in particular (our list of posts here). My skepticism towards what seemed like universal bullishness regarding …
Continue readingSometimes when a big selloff comes right before expiration you can get bailed out on trades that were worthless. That happened here in our $LVS trade. Here was the original trade from way back in …
Continue readingEvent: WYNN reports Q2 results tonight after the close. The options market is implying about an 8% one day move, which is rich to the 4 qtr avg move of about 6.5%. The implied move …
Continue readingLast Wednesday on CNBC’s Fast Money we had former star Casino/Gaming Analyst Jason Ader, now board member of Las Vegas Sands (LVS) on the program. It was a very interesting interview as he described the …
Continue readingToday’s volatility in currencies, commodities and rates has finally caused investors in US equities to take note with spot VIX having its largest gain in a month, up nearly 20%. While the VIX move seems …
Continue readingEvent: Wynn Resorts (WYNN) reports Q1 results after the close. The options market is implying about a 4.25% event move which is essentially in line with the stock’s 4 qtr average.
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