Bulls Buy the Blood as Gambling Stocks Take Regulatory Hit

by | Sep 14, 2021 | Options

In Tuesday’s Blitz Daily, we’ll take a look at casino and resorts company Las Vegas Sands as gambling hub Macao reveals new regulations for its gaming industry.

Some fantastic flow hit the tape Tuesday, including one of my favorite names in the overall market! 

Travel and casino names like Wynn Resorts Ltd. (Nasdaq: WYNN) and Las Vegas Sands Corp. (NYSE: LVS) got crushed on news that Macao will place restrictions on its gambling industry. 

Shares are down more than 10% and the big swingers are out in force, buying LVS call options as the stock bleeds lower. One trader went all-in on the LVS Sept. 24 $37 calls, shelling out $1.5 million in premium! 

Bets were flying fast and furious as the whales dropped some serious cash on these names…

  • Las Vegas Sands Corp. (NYSE: LVS): Sept. 24 $37 CALL.

  • The RealReal Inc. (Nasdaq: REAL): Oct. 15 $12.50 CALL.

  • Boeing Co. (NYSE: BA): Oct. 15 $230 CALL.

Check out my short video and I’ll break down today’s most unusual options order flow in two minutes flat… 

And if you want to get in on these orders as they hit my Blitz Tracker in real time — and even more actionable trade ideas — be sure to join us in the Daily Profits War Room!

Blitz Daily With Lance Ippolitto

At Weekly Blitz Alerts, we like to print money, baby! I know, I know, you’re probably thinking, “Lance, how do we do that? Print money? Come on…”  

But in all seriousness, we follow the big fish and what they’re buying. And we do that with my proprietary Blitz Scanner, which alerts me to big, institutional options order flow throughout the day. Then we get in on these plays and follow the “smart money.”  

By doing this, we cash in whether the broader market is going up, down or sideways. 

The Blitz Daily with Lance Ippolito is where I go over a handful of options trades that hit my Blitz Scanner each day, Monday through Thursday. I will break down the trade with the sexiest order flow and tell you exactly what’s going to happen with that stock by the next day’s opening bell. 

If you want in on these explosive options plays, with entry, exit and profit targets sent directly to you via text and email alerts, be sure to sign up for Weekly Blitz Alerts!  

In the meantime, you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find me right here talking stocks and options trading — and printing money — on WealthPress.com!

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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