Trade ideas

Trade ideas

Today’s trade idea for option traders: MGM Resorts International

trade idea for option traders

MGM Resorts was another victim of the Covid19 pandemic and the lockdown (like the most casino stocks). And with its most important areas like Las Vegas, Macao, etc., casinos seem now to have a long way to to reach the profit levels before the pandemic. But since the positive news from Pfizer and Germany’s Biontech, casino stocks are beginning to recover.  Also, The American Gaming Association points out in its Commercial Gaming Revenue Tracker for Q3 2020, that the gambling industry is recovering better than assumed. At least, the sports betting and iGaming are chipping in to mitigate the losses from table gambling. Maybe this recovery phase ist just a brief one as new lockdowns are possible again. But for option traders, there opens an short term opportunity for an option trade on MGM. 

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Trade ideas

Today’s trade idea for option traders: Sinclair Broadcast Group

trade idea for option traders

During the Corona crash in March – April 2020 the stock of Sinclair Broadcast Group (SBGI) fell from $30 to around $12. After the two-months-recovery the stock began to move sideways and is swinging around the level of $20. In spite of the negative earnings announcement in Q3 2020 (an operating loss of $4.18 B) there nevertheless comes a certain momentum upwards which gives to option traders an opportunity for a new trade on Sinclair Broadcast Group. So let’s dive into it, folks.

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Trade ideas

Today’s trade idea for option traders: Tupperware

trade idea for option traders

With around $97 Tupperware reached in December 2013 its peak before its share prices started to decline mirroring the company’s problems. The drop in Tuppware’s price continued until March 2020 and with a low of just $1.20, it seemed that Tupperware would become to a penny stock and to a candidate for gamblers.

This makes this company seeming all the more impressive to report back as a turnaround. At least, the last earnings announcements were positive. If this turnaround will succeed, we will see in the future. At least this stock continues to climb against all odds. But for now, the share price is giving an opportunity for an options trade I’d like to introduce to you, folks.
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