Wynn Resorts Wrestles with Resistance (WYNN)

Last week, Macau's Gaming Inspection and Coordination Bureau said gambling revenue in August rose 40% from the year-earlier period – a notable slowdown compared to July's 70% year-over-year gain. Furthermore, Deutsche Bank analyst Karen Tang opined that next month may not be much better for the gambling industry in Macau.

"We think September could be softer given that visitors tend to delay their travel plans ahead of the Golden Week holidays in October," she wrote in a report. (For the rare few without Google access, "Golden Week" refers to the week of Oct. 1, which is the National Day of the People's Republic of China. In other words, think Fourth of July, only longer.)

And, coincidentally, the October series of options has been most popular among WYNN (NASDAQ: WYNN) call sellers lately. During the past three sessions, call open interest at the October 90 strike has escalated by more than 3,000 contracts – many of which were sold to open late last week.

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