I see unusual options activity on CZR. People might be betting on opening of Las Vegas. Any thoughts?

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Posting as :
works at
You are currently posting as works at

Probably. Likely a quick buy & dump for best play.

Matters little if LV opens. Highly doubtful traffic they need to justify (and cover expenses) being open will be there in foreseeable future.

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Adverse selection is a huge issue in trading. You never have perfect information and your decision won’t be perfect for the outcome. This usually means you’re too small in winners and too large in losers.

As markets crash we’re seeing something similar. People are ignoring bad outcomes when they should be working that much harder to protect previous gains and find new ideas. Lower traffic in this thread is a symptom of this phenomenon. Don’t quit just as the value of incremental effort ramps.

likeuplifting

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