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 May 19th – May 23rd:
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Last week I laid out the bearish case for WYNN shares (see below), which was a mixture of macro, valuation, sentiment, relative attractiveness of long premium strategies, poor relative strength and most importantly the fairly …
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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 May 12th – May 16th:
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At one point in early March WYNN was up almost 30% on the year and up over 100% from the March 2013 lows. The stock’s price action has been a proxy for the prospects of …
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Q1 earnings season has been a bit of a mixed bad so far. I can’t say that the single stock volatility has been greater than some recent earnings seasons over the last year, but anecdotally …
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Event: WYNN reports its Q1 earnings today after the close. The options market is implying about a 5.5% one day move, which is above both the 4 qtr avg of about 2.75% and the 8 …
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Here is a quick recap of all of the trades that we initiated, closed, managed or expired in the week that was Feb 10th – Feb 14th:
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Last week, I entered a near term bearish position in WYNN after the release of disappointing sales in Macau Casinos in the month of January. At the time I suggested: With the stock obviously a …
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Casino stocks had a rough opening on the heals of January sales in Macau that were well short of analysts expectations on a year or year basis, per Bloomberg: Feb. 5 (Bloomberg) — Macau casino …
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Last week in this space (MorningWord 1/10/14: Chinese TakeOut) we highlighted the very poor sentiment (possibly for good reason) related to emerging market economies & markets, specifically China. If there is a theme so far …
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