MGM loses 17 cents to $13.02 and options trades on the casino operator Monday morning include a Feb 13 – Mar 14 call spread, apparently sold at a penny, 12000X. Looks like Feb calls were sold at 47 cents to (register to read more …) [...]

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US Airways (LCC) is up $1 to $7.41 on share volume of 11.2 million and gaining altitude today following upbeat earnings news. Typical volume in LCC through the first 90 minutes of trading is about 2 million. Options on the (register to read more …) [...]

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Melco (MPEL) loses 3 cents to $11.14 and today’s volume of 26,000 calls and 870 puts is 7X the daily average for the casino operator. The top trade is 12,600 April 14 calls bought for 35 cents per contract to (register to read more …) [...]

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Carnival Cruise (CCL) shares are sinking today and implied volatility in the options on the stock is moving higher in the wake of the Italian cruise ship disaster off the coast of Tuscany. CCL is down $4.73 to $29.55 and (register to read more …) [...]

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Delta Airlines (DAL) is up 48 cents to $9.07 today and has rallied 22.1 percent since AMR announced bankruptcy plans on 11/29. One player seems to expect the gains to continue through the first quarter of 2012 and apparently rolled (register to read more …) [...]

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3,855 calls and 350 puts traded in International Game Technology (IGT) today. Shares are off a dime to $17.40 and the flow is concentrated in Dec 18 calls. 3,113 traded against 580 in open interest. The action includes a multi-exchange (register to read more …) [...]

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Jet Blue (JBLU) gains 29 cents to $4.42 and morning trades on the airline include a 3,600-contract block of Mar 6 calls bought for 15 cents per contract. 5,262 now traded against 3,742 in open interest. Jan and Jun 5 (register to read more …) [...]

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Carnival Cruise (CCL) adds 96 cents to $34.86 and an Oct 34 – Nov 35 call spread is sold on the stock at 22 cents, 12500X. The spread appears to roll a position ahead of the expiration — possibly part (register to read more …) [...]

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Gaming stocks seeing heavy option volume this morning with many names up sharply. Las Vegas Sands leads in volume, with 24K calls trading, nearly 3x the number of puts. Weekly 41 strike calls that expire tomorrow are most active, and (register to read more …) [...]

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49,000 calls and 50,000 puts traded in AMR today. Shares are down 81 cents to $2.15 on recession fears and concerns the parent of American Airlines will “burn through its cash reserves” Bloomberg. The company issued an email statement saying (register to read more …) [...]

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