A Las Vegas Sands Corp. (LVS) options traders are making the fewest bullish bets in three years on speculation that revenue growth may slow in Macau, which accounts for about half of the casino company’s sales to a ratio of outstanding calls to buy versus puts to sell dropped to 1.02-to-1, the lowest since October 2008, according to data compiled by Bloomberg. in Las Vegas-based company reported earnings of 57 cents a share excluding some items after the close of trading, missing analyst estimates by 0.5 percent they had rallied 2.2 percent to $50.18 in regular trading today and has risen 17 percent this year in shares fell 2.2 percent in late trading after the profit report.
The Traders bought puts on speculation that casino revenue in Macau, the world’s largest gambling hub, can’t sustain last year’s growth, according to Joe Kunkle, founder of a Boston-based provider of options-market analytics in casino revenue growth in the former Portuguese colony slowed to 42 percent last year from 58 percent in 2010, according to Macau’s Gaming Inspection and Coordination Bureau of a “We continue to remain cautious on the Macau gaming market, given slowing growth,” Cameron McKnight, a New York based analyst at Wells Fargo & Co., wrote in a report today in sales may fall as China’s expansion diminishes, said Cameron, who has a “market perform” rating the stock.
The Traders bought puts on speculation that casino revenue in Macau, the world’s largest gambling hub, can’t sustain last year’s growth, according to Joe Kunkle, founder of a Boston-based provider of options-market analytics in casino revenue growth in the former Portuguese colony slowed to 42 percent last year from 58 percent in 2010, according to Macau’s Gaming Inspection and Coordination Bureau of a “We continue to remain cautious on the Macau gaming market, given slowing growth,” Cameron McKnight, a New York based analyst at Wells Fargo & Co., wrote in a report today in sales may fall as China’s expansion diminishes, said Cameron, who has a “market perform” rating the stock.