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Monday, April 5, 2010

LVS - Updated














Well LVS has found some more of its footing this morning. LVS is marching higher at the time of this post and will probably continue to do so into the launching of the new Singapore property. WYNN on Thursday was up a dollar, while LVS was up only .15 cent for the end of trading on Thursday. Friday markets were closed. Lagger LVS and MGM. Hummm . . . We like LVS and WYNN for casino plays into the opens of their properties in Singapore at the end of this month.

May 21 Call
21.00LJJ100522C000210002.72Up 0.722.682.722881,856

A very nice return on investment $1.95 initial from Thursday closing price. 10 contract = $730 minus commission. Looking for any major pullback to mid flag range to re-buy options. MGM made a $1.00 run into the opening of Aira on Dec 16, 2009; in Las Vegas, maybe this will be the same effect for LVS and WYNN. Time will tell.