Bulls Roll Snake Eyes on Boyd Gaming (BYD)

Shares of Boyd Gaming Corporation

are lower on the session by 0.49%, currently trading at $7.13. The stock has been moving largely lower over the past six months, in stark contrast to many other casino operators. Options traders are buying puts on the stock today. Just a short while ago, the January 2012 $5.00 put was purchased 4,000 times, on the offer, on open interest of 15,641 contracts. Put volume is now running at 6.84x the daily average with 95% of all puts traded being purchases on the offer. Boyd Gaming Corporation is a multi-jurisdictional gaming company. As of December 31, 2009, the company wholly owned and operated 15 casino entertainment facilities located in Nevada, Mississippi, Illinois, Louisiana and Indiana. In addition, it owns and operates a pari-mutuel jai-alai facility located in Dania Beach, Florida, a travel agency, and a captive insurance company that underwrites travel-related insurance. For more great research like this, as well as how to play it through options…please visit

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