In today’s briefing:
- Australia Single Stock Options (Nov 24– 27): Broad Rebound Pulls Implieds Lower
- Last Week In Event SPACE: Qube Holdings, Digital Holdings, Wynn Resorts/Macau, SNT/SMEC
Australia Single Stock Options (Nov 24– 27): Broad Rebound Pulls Implieds Lower
- SPASX200 gained steadily through the week despite slowing daily momentum, nearly reversing last week’s decline
- Market breadth strengthened, with a broad rebound across optionable stocks.
- Implied vols declined across most single stocks, bringing the average back toward mid range levels after last week’s elevated readings
Last Week In Event SPACE: Qube Holdings, Digital Holdings, Wynn Resorts/Macau, SNT/SMEC
- This deal for Qube Holdings (QUB AU) from Macquarie should really get competitive. Scarce and strategic assets – and nothing else like it that’s listed.
- As Digital Holdings (2389 JP) goes higher, “This is Japan” risk increases; but those who didn’t sign up say “wait a minute, that’s real money” also goes up.
- Wynn Resorts (WYNN US) is at extreme levels vs. Wynn Macau Ltd (1128 HK); yet consensus indicates considerably higher forward EBITDA growth for Resorts stub ops vs. Macau.
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