Top 4 Stocks In The Resorts And Casinos Industry With The Highest Cash (LVS, WYNN, MGM, PENN)

by Benzinga Staff
September 28, 2010 5:58 AM | 1 min read | Make a Comment

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Below are the top resorts and casino stocks on the NYSE and the NASDAQ in terms of cash.Las Vegas Sands Corp (NYSE: LVS) had $3.69 billion in total cash and $10.40 billion in total debt for the latest quarter.Wynn Resorts Ltd (NASDAQ: WYNN) had $1.86 billion in total cash for the latest quarter. WYNN's total debt stood at $3.26 billion in the same period.MGM Resorts International (NYSE: MGM) had $1.01 billion in total cash for the latest quarter. Meanwhile, MGM's total debt for the same period was at $13.05 billion.Penn National Gaming Inc (NASDAQ: PENN) had $398.20 million in total cash and a total debt of $2.14 billion for the latest quarter.

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27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Posted In: Long IdeasMarketsTrading IdeasCasinos & GamingConsumer Discretionaryhighest cashResorts And Casinos Industry

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