| MGM: FYI I'm in this for June $6 call -- which miight be stupid as it cost 1/2 the stock cost MGM is at $9.61, Jan 10s are going for $0.50. my guess is one can make 5% for the forseeable future on this one. and if the guess is right, come summer it might be a reasonable gainer. Another way to play this is buy the jan12 $7.50 for $4.80 and write the calls against that. here is a bit of background. don't worry, I paid for this, didn't generate it MGM MIRAGE (MGM) TRADE DRIVERS:
* MGM owns and operates casino resorts in the United States.
* Since tagging an annual low in March 2009, MGM has gained more than 434
percent.
* The equity pulled back today near the 9.50 level, which acted as support
earlier this month and in October 2009.
* There is heavy put open interest for MGM at the January 9 strike. An
unwinding of the short positions related to this open interest could
provide a tailwind for the equity.
* Short interest for MGM is high, with more than 12 percent of the stock's
float sold short. A continued increase in the shares' price could lead to
a short-covering rally.
* Upgrades are a possibility for MGM, as only 4 of the 19 analysts covering
the stock rate it a "buy."
* One potential concern is that the stock is currently trading below its
50-day and 80-day trendlines, which may act as resistance. | 
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