Melco Crown volatility at high end of 18-month range Melco Crown June and July call option implied volatility is at 47, October is at 46; compared to its 26-week average of 39 according to Track Data, suggesting large near term price movement.
Melco Crown shares could rally $10 on Osaka win, says Citigroup Citigroup estimates shares of Melco Crown could rally up to $10 should the company win a gaming license in Osaka, Japan. Citi expects the gaming bill in Japan to be passed in November, and notes Melco is a major candidate in Osaka. The firm believes the upcoming opening of City of Dreams Manila will be a "game changer" to the Philippines gaming market. It lowered its price target for shares to $43 from $46 and keeps a Buy rating on the name.