U.S. stocks opened up more than 1% and have traded in a fairly tight range for most of the session, in a 7 point range: After being down a little more than 6% on the month …
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Event: 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 …
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Here is a quick recap of trades that we initiated, closed, or debated in the week that was Aug 31st – Sept 4th:
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Regular 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 …
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Sometimes 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 …
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I am not sure I can leave this one alone. Investor sentiment regarding Macau Casinos, and the stocks that make up the Shanghai Composite have made for some fascinating comparisons. Both having to do with stereotypes surrounding …
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Event: 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 …
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Last 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 …
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Today’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 …
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Event: YELP reports Q1 results after the close. The options market is implying about a 12% one day move which is shy of the 4 qtr avg move of about 15% (the last three have …
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