Option update: volatility Up as Sheldon Adelson opens Venetian Macao

Posted Aug 28th 2007 12:01PM by Paul Foster
Filed under: Options, Las Vegas Sands (LVS)

Las Vegas Sands (NYSE: LVS) volatility Elevated into Macao Resort Hotel opening. LVS opened the Venetian Macao Resort Hotel today. Sheldon Adelson, chairman & chief executive officer, said "it is no overstatement to say that the opening of Venetian Macao represents a massive paradigm shift for Macao and the future of tourism development in Asia." Goldman Sachs (NYSE: GS) says "the scale is enormous and the detail impressive." LVS over all option implied volatility of 44 is above its 26-week average of 39 according to Track Data, suggesting larger price fluctuations.

Ameristar Casinos (NASDAQ: ASCA) implied volatility Elevated at 43. ASCA, a Las Vegas based gaming and Entertainment Company, is recently down $0.55 to $28.39. ASCA has a market cap of $1.6 billion with long term debt of $878 million. ACSA over all option implied volatility of 43 is above its 26-week average of 37 according to Track Data, suggesting larger price risks.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Tags: Ameristar Casinos, AmeristarCasinos, ASCA, China, gambling, Goldman Sachs, GoldmanSachs, Harrahs, HET, Hilton, Hong Kong, HongKong, Hyatt, Las Vegas, Las Vegas Sands, LasVegas, LasVegasSands, LVS, Macao, Macao-Resort-Hotel, Marriott, MGM, option implied volatility, OptionImpliedVolatility, Sheldon Adelson, SheldonAdelson, Stanley Ho, StanleyHo, Steve Wynn, SteveWynn, tourism development, TourismDevelopment, Venetian Macao-Resort-Hotel, VenetianMacao-resort-hotel, volatility, WYNN