The aim of this blog is to generate investment ideas for future trading opportunities. Please note that this is to generate ideas only and I am not providing any Investment advice and don't know the suitability of an investment idea. People are encouraged to perform their own research!
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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