Money, Those Calls Are Gonna Be Up Five Hundy By Midnight

With a relatively cloudy and rainy Memorial Day Weekend on tap in the northeast, one can envision a scenario where the casino resort stocks get a nice boost. 

The major casino stocks, LVS MGM WYNN, have been rather quietly building out narrow price consolidations on their daily charts over the last month or so. 

However, into a mixed tape this morning all three are green and threatening to emerge up and out of their respective bases. At the moment, MGM is of interest not just as the breakout threat looms (seen below on the daily timeframe), but also as they integrate the recently-purchased Borgata in Atlantic City into their ecosystem. Moreover, some interesting call options activity this week adds interest to the bull thesis. 

Borgata, clearly the best in class as a casino/resort not just in Atlantic City but basically in the entire northeast, logically stands to benefit this summer and beyond--And that goes double for rainy weekends.