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Casinos, TBT Among Option Plays (Update)

Stock quotes in this article: MGM , LVS , WYNN , SNDK , VIX.X , TBT  

Updated from 2:51pm. Adds TBT item.

TBT

By Jon "DRJ" Najarian, cofounder of OptionMonster.

Options traders are snapping up calls in the TBT(TBT Quote) exchange traded fund, which has been rising steadily since the end of the year.

The TBT, which seeks investment results that correspond to twice the inverse daily performance of the Lehman 20+ Year U.S. Treasury Index, saw some 16,000 calls traded today versus 5,700 puts. (Remember, because this ETF trades inversely, the calls go up as the bonds in the TBT drop.) ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
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Oil *
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DOWN
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