Tuesday, October 12, 2010

Keep the Casino Trade On!

The Casinos continue to be on fire with LVS, WYNN and MGM leading the charge. I continue to be a firm advocate of LVS and WYNN from a bullish perspective. Charts show that they still have plenty of upside potential remaining. Gaming revenues in Macau continue to astonish investors. The call options on both stocks show alot of bullishness. I like the LVS $45 call options trading at $2.13 and the WYNN Nov 120 calls going for just $0.70. I believe 100% moves to the upside in call option pricing for both names is still very possible.

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