MGM Mirage (MGM): Technical Picture No Different

Folks, I didn't mention MGM in my last post because I personally believe LVS and WYNN provide higher possible returns in the long-run due to their exposure in Macau and Singapore.  


But you can't argue with MGM technical set up, which is also forming an excellent converging triangle ready to break-out or breakdown within two months.  A similar conditional order can be set up here as well.  


On a break above $12.25,


- Buy to open June $12 calls
- Sell to open June $15 calls


At the price of 2 cents above the mark.  Currently the mark is $0.77.  


Good luck!