Resort and casino operator Wynn Resorts is scheduled to report its quarterly earnings on Wednesday. WYNN options are expensive, though, so another way to play it is through Las Vegas Sands.
The Las Vegas-based company's stock is highly correlated to WYNN , Mike Khouw of Cantor Fitzgerald said. He examines an investment strategy for LVS using options.
To see his full report, watch the video.
Got something to to say? Send us an e-mail at firstname.lastname@example.org and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to
Trader disclosures for Oct. 18: PETE NAJARIAN: Najarian is long AAPL. Najarian is long C. Najarian is long MSFT. Najarian is long MS. Najarian is long INTC. Najarian is long YHOO. Najarian has long calls WFC. Najarian has long calls ETFC. GUY ADAMI: Adami Owns AGU. Adami Owns C. Adami Owns GS. Adami Owns INTC. Adami Owns MSFT. Adami Owns NUE. Adami Owns BTU. KAREN FINERMAN: Finerman owns AAPL. Finerman owns BAC. Finerman owns GOOG. Finerman owns JPM stock leaps & puts. Finerman’s firm owns AAPL short calls. Finerman’s firm owns MSFT. Finerman’s firm owns YHOO short calls. Finerman’s firm owns IBM short calls. JOE TERRANOVA: Terranova is long VRTS. Terranova is long LQD. Terranova is long MUB. Terranova is long FCX. Terranova is long TBT. Terranova is long OXY. Terranova is long GS. Terranova is long F. Terranova is long CAT. Terranova is long AXP. Terranova is long APC. Terranova is long EMC. Terranova is long AAPL. Terranova is long IBM. JJ KINAHAN: Kinahan is long GS. Kinahan is long INTC. Kinahan is long S&P. WHITNEY TILSON: Tilson is long BRK. Tilson is long C. Tilson is long GS. Tilson is long WFC. Tilson is long SNDK. Tilson is long JCP. Tilson is short GMCR.
Pinheiro owns GMCR
Janney Montgomery was a co-manager of GMCR public offering within last 12 months. Janney Montgomery has received compensation for investment banking services from GMCR in past 12 months. Janney Montgomery is market maker in GMCR.
CNBC.com with wires.