Volatility as an asset class
Las Vegas Sands (LVS) is recently down $1.94 to $54.17 after FBR lowered its estimates for LVS, Wynn Resorts (WYNN) and MGM Resorts (MGM) citing the 20% decline in Macau gross gaming revenue in November and a "soft" first week of December. December call option implied volatility is at 36, January is at 32; compared to its 26-week average of 28.
Wynn Resorts (WYNN) is recently down $8.15 to $148.49. December weekly call option implied volatility is at 42,[...]