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He said the current net-long position is roughly 43% of the total open interest in futures.
FORBES: FOCUS: Speculators Add To Bullish Gold, PGM Positions For Seventh Straight Week -- CFTC Data
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Options volume shot through the roof, peaking at 52, 610 contracts midweek, the day the scandal broke, against 240, 506 total open interest.
FORBES: Options Traders, BlackBerry Bulls
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April contract calls were most active just before noon in New York, with overall options volume nearing 29, 000 contracts against total open interest on WYNN of 140, 493 contracts.
FORBES: Options Players Flock To Wynn Resorts