IGT – International Game Technology, Inc. – Shares of the maker of major slot games and casino network systems are higher by 3.15% to $18.90 in morning trading perhaps on news the firm signed a multi-product and systems agreement to provide its integrated games and systems solution at The Cosmopolitan, a new resort in Las Vegas, which is set to open in December 2010. Earlier this week we observed one investor enact a long-term three legged bullish options combination strategy, but today investors are employing nearer-term optimistic tactics. Bullish traders sold short at least 3,700 puts at the July $15 strike to pocket an average premium of $0.10 per contract. Investors short the puts keep the full premium received on the transaction as long as IGT’s shares exceed $15.00 by July expiration. Put sellers are apparently happy to have shares of the underlying stock put to them at an effective price of $14.90 should the put options land in-the-money at expiration. Options implied volatility is down 6.6% to 43.03% as of 11:07 am (ET).