MGM shares are off 43 cents to $13.12 in active trading of 14.5 million shares and dipped this morning to test March/April support lows just south of $13 this morning after the casino operator posted a wider-than-expected first quarter loss. (register to read more …) [...]

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Delta Aiilines (DAL) is up 33 cents to $10.86 on increasing volume of 14 million shares amid strength in the sector on reports Labor Unions are in favor of the LCC-AMR deal. Trading in Delta options is busy as well, (register to read more …) [...]

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Bottom fishers may be snapping up calls in Melco Entertainment today, as shares trade down nearly 6% at 13.13 in heavy spot volume of 5million shares (50% above normal pace). A few minutes ago two large sweeps took place, with (register to read more …) [...]

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Delta Airlines (DAL) adds 22 cents to $9.53 and calls on the airliner are flying off the shelves today. Jun 10s are the most actives. 5,250 traded (87 opecent Ask). Apr 10, May 9, May 10 and Jun 9 calls (register to read more …) [...]

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Las Vegas Sands set a new 52wk share price high today, and a 52wk implied volatility low and call buyers seem to like the odds of continued strength in the name because the short-dated 60 strike calls that expire this (register to read more …) [...]

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Hertz (HTZ) is drifting 12 cents higher to $15.16 on relatively light volume of 1.7 million shares. Typical volume through midday is 3.3 million. Yet, options volume is 2.5X the daily average, being driven by expiration-related activity. Looks like March (register to read more …) [...]

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US Airways (LCC) adds 15 cents to $7.04 on volume of 2.4 million shares, which is well below the expected volume of 4.1 million. However, options on the airliner are actively traded. 13,000 puts and 1,100 calls so far. The (register to read more …) [...]

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Big block of March 7.5 puts in Live Nation (LYV) was canceled and a block of 20,000 Apr 7.5 puts went up for 20 cents per contract instead. So, the flow appears to be a roll down in strikes within (register to read more …) [...]

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Live Nation (LYV) loses 76 cents to $9.74 on disappointing earnings and one strategist sells 11,000 April 10 puts on the stock for 90 cents to buy 20,000 Mar 7 puts for 17.5 cents. The spread appears to roll a (register to read more …) [...]

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Bears are circling Live Nation (LYV) Monday. Shares of the Beverly Hills, CA entertainment company are up 9 cents to $10.81 on volume of 586,000, which is only slightly more than normal. However, 14,000 puts and 420 calls traded in (register to read more …) [...]

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