Add LVS and WYNN Calls

Going Back to the Well

By Bryan Bottarelli
Thursday, September 17, 2009 9:52 AM EDT
Thu, 17 Sep 2009 13:52:00 GMT

PLAY: Buy the LVS October 20 Calls (LJJ JS) at or under $1.75, good for the day. Place a protective stop limit at $0.90 and a sniper sell at $2.50.

PLAY: Buy the WYNN October 75 Calls (UWY JO) at or under $3.80, good for the day. Place a protective stop limit at $2.10 and a sniper sell at $5.50.

Dear Bottarelli Research Member,

Good morning. Now that we’re holding an all-around protective position (long oil, short gold, and holding an ultra-short S&P downside hedge), it’s time to reload the ledger with momentum plays to the upside. Since Las Vegas Sands (LVS – NYSE) has worked so well for us in the past, we might as well keep riding this beast for all it’s worth. As you can see from the chart below, the stock pushed higher yesterday morning before succumbing to a late-day sell-off. This offers us a nice entry point. As you can see, the stock is recovering today, indicating more strength is ahead. Let’s saddle back up now!

LVS

PLAY: Buy the LVS October 20 Calls (LJJ JS) at or under $1.65, good for the day. Place a protective stop limit at $0.90 and a sniper sell at $2.50.

At the same time, let’s also apply this same tactical strategy to shares of Wynn Reports (WYNN – NASDAQ).Just like LVS, the upside triggers are all in place. WYNN has filed for a Hong-Kong-based IPO, and the “roadshow” begins on September 21st. At the same time, Macau travel restrictions have been loosened, which has lead to the first month-over-month increase in gaming revenues in July and August. Let’s ride both plays now!

WYNN

PLAY: Buy the WYNN October 75 Calls (UWY JO) at or under $3.80, good for the day. Place a protective stop limit at $2.10 and a sniper sell at $5.50.

And as always…

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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