Event: 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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The hits keep coming for Macau gaming. It seems like each new week brings another round of sell side estimate and ratings cuts. A year ago Chinese regulators began to crack down on high roller …
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In case you missed it, the Shanghai Composite was down nearly 9% on Monday after Regulators imposed new rules for margin trading in a move to cool down what many see as an overheated stock …
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Well, this is a mistake we make only occasionally but it hurts pretty bad when we do. That is, getting the story right in a stock yet picking the wrong structure to play it. It …
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For most of the Spring/Summer, the Shanghai composite was banging along 5 and half year lows, hovering above 2000: And then this happened. The index rose 50%: If you just came here from another planet …
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On numerous occasions in 2014 we have taken some whacks at WYNN from the short side. The most recent trade from a couple of weeks ago looked to play for a consolidation between then and …
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A few weeks ago we initiated a trade in WYNN that had very little delta exposure, but looked play for a near term consolidation through December expiration around $180, but looked to set up to own …
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Shares of Wynn Resorts (WYNN) went from a massive outperformer in the first qtr of 2014 (up 30% on the year at one point) to its current “left for dead in a raging bull market” …
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Since WYNN’s parabolic rise of about 50% from the December 2013 lows to the March 2014 all time highs, we have taken a fairly dim view of the stock’s prospects. The stocks’s ascent had been …
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Here is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was August 18th – August 22nd:
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