b spot casino promo codeBut the name isn’t short of catalysts.As gaming stocks were being drubbed in March due to the coronavirus pandemic, a trader stepped into Eldorado June calls, buying 2,000 contracts at prices ranging from .Not the Only OneThe aforementioned trade in ERI options wasn’t the only one of note in recent weeks.table games at pala casino5 times their purchase price.But that target was easily smashed as the equity trades over at this writing Wednesday.Some traders made a mint on the Eldorado stock surge.online casino like bovada

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soaring eagle casino dealsBut the name isn’t short of catalysts.Calls are the contracts market participants purchase when making bullish trades, while puts are the instruments used to wager on lower prices in the underlying security.With Eldorado Resorts (NASDAQ:ERI) stock in the midst of a stunning reversal off its March lows, the real jackpot winners are options traders, not gamblers visiting the company’s casinos.chukchansi casino noodle bar”That might be true.(Image: Wall Street Journal)Options market data indicates some traders were prescient enough to bet on the regional gaming name when it was hovering near its March nadir, a wager that’s since been handsomely rewarded.For example, Caesars and MGM Resorts, the two largest operators on the Strip, eliminated parking fees.fanduel casino indiana

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roulette table casinoThe stock rose 354.In the case of the aforementioned ERI trader, the holder of those contracts needed the stock to run to prior to June expiration.“Those aren’t a staple anymore.That’s a big ask.However, to date, no operator is going as far as Stevens.Some traders made a mint on the Eldorado stock surge.8 ball poker casino game