That means shares of Scientific Games would need to rally almost 60 percent from Tuesday’s close to hit the average price estimate analysts have on the company. With the stock having been punished over the past year, near-term weakness in the shares could spark analyst downgrades or downward revisions to price targets.<\/strong><\/p>\nOptions traders in Scientific Games remain unfazed.<\/p>\n
\u201cTraders have bought to open nearly 89 calls for every put on the stock,\u201d according to Schaeffer’s. \u201cThis ratio ranks in the 97th percentile of its annual range, pointing to a much healthier-than-usual appetite for bullish bets over bearish of late.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares of Scientific Games Corp. (NASDAQ: SGMS) closed slightly higher Tuesday, extending the stock’s winning streak to five days and its gain over the past week to nearly 12 percent. The stock’s recent run appears to be luring options traders betting on more upside for the maker of gaming machines, electronic table systems, video lottery […]<\/p>\n","protected":false},"author":46,"featured_media":106338,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Scientific Games Attracts Attention of Bullish Options Traders<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n