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Fly News Breaks for June 30, 2015
WYNN, MPEL, MGM, LVS
Jun 30, 2015 | 15:17 EDT
Wells Fargo expects the rally in Macau gaming stocks to fade and does not recommend buying the short covering rally. The firm said the visa change does not signal a sustained shift in China's policy towards Macau, or an easing in the anti-corruption campaign. Wells Fargo expects June revenue to be released tonight and be down 39%-40%, below consensus expectations. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Melco Crown (MPEL) and Wynn Resorts (WYNN).
News For LVS;MGM;MPEL;WYNN From the Last 2 Days
LVS
Mar 18, 2024 | 10:15 EDT
Bearish flow noted in Las Vegas Sands with 3,077 puts trading, or 3x expected. Most active are 3/22 weekly 49.5 puts and 3/22 weekly 50 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 3.42, while ATM IV is up nearly 2 points on the day. Earnings are expected on April 17th.