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invester
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Look at LVS at a $18 billion market cap. MGM is at $4 billion. Same revenues. Take out target.
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invester
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Earnings Nov. 5th.
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invester
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$9.50

Up 20% on call options

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invester
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$10.13
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invester
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$10.63

MGM Resorts Draws Bullish Options Trade
Published: Thursday, 9 Sep 2010 | 7:52 AM ET Text Size By: Chris McKhann
writer, OptionMonsterDiggBuzz FacebookTwitter More Share
Option traders are bullish over long-term prospects for MGM Resorts as shares continue to rally off established support levels.

MGM [MGM 10.45 0.23 (+2.25%) ] finished yesterday at $10.22, up 6.8 percent on the day after an analyst upgrade. The move continues the rally off the support at $8.90 that has been in place for all of the last year. The price does, however, remain in a downtrend since hitting the 52-week high of $16.66.

Options Tips from Jon Najarian
Read The CNBC Stock Blog
Options Tips from Pete Najarian
The options were also active. The average daily volume is 17,000 contracts, but yesterday MGM saw more than 61,000 change hands, with calls outpacing puts by 3 to 1. Leading the way were the January 2012 17.50 calls, according to OptionMonster's real-time tracking systems.

Most of those options traded over 5 minutes in large blocks, all bought for $1.10. The previous open interest was 4,631 contracts, so this was a new opening position.

The call buying by itself is bullish, but there was also a tremendous amount of stock trading at the same time. During the time when the options traded, more than 600,000 shares of stock also moved, so this could have been part of a delta-neutral strategy that depends more on sharp moves than specific direction. However, the trade still reflects long-term bullishness in MGM.

___________________________

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invester
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$10.77
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invester
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$11.08
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invester
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$11.19


MGM Resorts stock up as MGM China seeks IPO
MGM Resorts stock rises as MGM China seeks initial public offering on Hong Kong Exchange


ShareretweetEmailPrintCompanies:Las Vegas Sands Corp.MGM Resorts International Topics:InternationalIPOs Related Quotes
Symbol Price Change
LVS 34.78 +1.05

MGM 11.16 +0.49


{"s" : "lvs,mgm","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} On Monday September 27, 2010, 11:21 am
NEW YORK (AP) -- MGM China Holdings Ltd. is planning an initial public offering on the Hong Kong Stock Exchange, according to a regulatory filing Monday.

The potential IPO by MGM Resorts International's joint venture with Pansy Ho would be the latest spinoff of a casino operator's Macau assets. Both Wynn Resorts Ltd. and Las Vegas Sands Corp. previously listed their Macau operations in Hong Kong.

The timing and terms of the possible IPO have not been determined, according to the filing with the Securities and Exchange Commission.

Shares of MGM Resorts gained 44 cents, or 4.1 percent, to $11.11 in morning trading. Over the last year, the stock has traded in a range of $8.54 to $16.66.

If the listing occurs, MGM China would become the owner of MGM Grand Paradise SA, which owns and runs the MGM Macau casino resort.

"We view an IPO of MGM Macau as an important liquidity even for MGM and, while not unexpected, we think today's filing is a positive step forward for MGM's shares," Steven Kent of Goldman Sachs wrote in a client note.

Kent forsees potential proceeds of more than $300 million.

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invester
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11.28 0.61 5.72%
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Happy Valley
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Ripping now $11.45...You're on a roll Invester... Congrats [Wink]
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invester
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My Jan $14's are almost up 100% today alone. [Smile]

MGM Option | Exchange: OPRA 0.33 +0.16 94.12% 0.23 0.33 0.34 0.33 0.22 946 Trade
MGM 14.00 Dec 10 C Last Change / % Change Today´s Open Bid Ask Day High Day Low Volume

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invester
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Rather, Dec. not Jan.
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invester
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SmarTrend's Option Scanner Detects Unusual Activity in MGM Mirage (MGM)
46 minutes ago - Comtex Smartrend(r)

Related Companies
Symbol Last %Chg
MGM 11.40 1.29%

As of 9:49 AM ET 9/28/10
Shares of MGM Mirage (NYSE:MGM) traded 5.5% higher yesterday, closing at $11.26. The stock has been drifting higher over the past nine trading days and is currently trading in a technical uptrend.

The put volume yesterday was 45,717 contracts, which is 4x the average daily volume of 10,667. Usually high put volume is an indicator that many investors are looking for lower prices in the near future.

SmarTrend is bullish on shares of MGM Mirage and our subscribers were alerted to buy on September 21, 2010 at $10.86. The stock has risen 3.7% since the alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

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invester
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$11.52
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invester
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$11.55

MGM China Files Application for Proposed Listing on Hong Kong Exchange
By Frank Longid - Sep 28, 2010 1:59 AM CT
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Business ExchangeTwitterDeliciousDiggFacebookLinkedInNewsvinePropellerYahoo! BuzzPrint MGM China Holdings Ltd., a venture between the biggest casino owner on the Las Vegas Strip and billionaire Stanley Ho’s daughter, filed a preliminary application to hold an initial public offering in Hong Kong.

The venture between MGM Resorts International and Pansy Ho submitted a proposed listing application with the Hong Kong Stock Exchange yesterday, according to a filing to the U.S. Securities and Exchange Commission. No decision has been made about when to hold the share sale or how much it may raise, according to the statement.

MGM Chief Executive Officer Jim Murren said in August he plans to build “multiple properties” in Macau, where total casino revenue has surged 63 percent this year through August. The MGM venture has the smallest market share of the six casino operators in the world’s biggest gambling hub, according to estimates by CLSA Ltd. analyst Aaron Fischer.

The listing plan is “modestly bullish” for MGM Resorts, David Katz, an analyst at Jefferies & Co. in New York, wrote in a note to investors today. “Management has indicated previously its intention to pursue an IPO of 25 percent of its Macau assets, which we expect to generate $300 million for MGM’s 50 percent share.”

MGM Resorts rose 5.4 percent to close at $11.25 in New York trading yesterday, boosting its gain this year to 23 percent. Las Vegas Sands Corp., the world’s biggest casino operator by market value, rose 4.1 percent to $35.10 and has more than doubled this year.

Sands China, SJM

If the share sale proceeds, MGM China will become the owner of MGM Grand Paradise SA, which operates the MGM Macau casino resort, according to the statement. Murren said in March he was “confident” the share sale would be done in the third quarter.

Sands China Ltd., the Macau unit of billionaire Sheldon Adelson’s company, gained 3.1 percent to HK$13.50 at 2:36 p.m. in Hong Kong trading. It earlier rose to HK$13.52, the highest level since it started trading in November. Stanley Ho’s SJM Holdings Ltd., which has the biggest market share in Macau according to CLSA’s Fischer, slid 3.5 percent to HK$8.78, poised to decline by the most since July 2.

MGM Grand Paradise said Aug. 2 it agreed to a $950 million loan to refinance existing debt and provide added liquidity.

Casino revenue in Macau may grow as much as 40 percent this month from a year earlier to about $2 billion, Gary Pinge, regional head for consumer and gaming research at Macquarie Group Ltd. in Hong Kong, wrote in a Sept. 14 note to clients.

Macau surpassed the Las Vegas Strip as the world’s biggest gambling hub in 2006.

Macau casino revenue rose 40 percent to 15.8 billion patacas ($2 billion) in August, according to the city’s Gaming Inspection and Coordination Bureau. Casino sales for the year through August totaled 117.9 billion patacas.

To contact the editor responsible for this story: Frank Longid at flongid@bloomberg.net

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invester
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$11.56

MGM Resorts International Started At Mkt Perform By Wells Fargo
0 minutes ago - FW

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invester
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$11.74
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invester
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$12.30
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invester
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Just sold the majority of my calls for a 300% gain.
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BooDog
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quote:
Originally posted by invester:
Just sold the majority of my calls for a 300% gain.

nice.
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invester
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Running hard! Sold to early.
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invester
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$13.65

Are you kidding me! I would be up over 400% if held. I only have 5 contracts left.


MGM Option | Exchange: OPRA 1.11 +0.75 208.33% 0.48 1.10 1.12 1.16 0.48 2,094 Trade
MGM 14.00 Dec 10 C Last Change / % Change Today´s Open Bid Ask Day High Day Low Volume

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invester
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Rather, 600%.
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invester
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Bought the March calls on the dip. If you value this the way LVS is valued, we would be $30 or so.
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invester
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$14.10
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invester
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quote:
Originally posted by invester:
Bought the March calls on the dip. If you value this the way LVS is valued, we would be $30 or so.

Sold the majority of the calls today on the run, as I'm not so sure about this merger with Lionsgate.
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invester
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Wow....Look at there liabilities!!! I made a ton on this....now is the time to run for the exit.

Total Liabilities 17,464,000,000

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invester
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Back in.....paying off Debt at a massive pace.
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invester
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$14.67
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