Economics
Macau Casinos Make Wynn’s Investors Most Bullish Ever
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A surge in gambling revenue from the world’s biggest casino hub has driven bullish wagers on Wynn Resorts Ltd. to their most expensive prices ever.
Options that appreciate when the stock rises cost the most since data going back to 2005 relative to bearish contracts, even after the shares slumped 14 percent from an all-time high last month. Wynn shares rallied 73 percent in 2013, fueled by a jump in Macau revenue.