Deep-pocketed investors have adopted a bearish approach towards Las Vegas Sands LVS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LVS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Las Vegas Sands. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 2 are puts, totaling $77,628, and 7 are calls, amounting to $508,013.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $60.0 for Las Vegas Sands over the last 3 months.
Insights into Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Las Vegas Sands's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Las Vegas Sands's whale activity within a strike price range from $30.0 to $60.0 in the last 30 days.
Las Vegas Sands 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LVS | CALL | TRADE | BEARISH | 06/20/25 | $30.00 | $110.5K | 1 | 50 |
| LVS | CALL | SWEEP | BEARISH | 06/21/24 | $45.00 | $102.0K | 53.7K | 157 |
| LVS | CALL | SWEEP | BULLISH | 04/19/24 | $52.50 | $100.0K | 1.6K | 10 |
| LVS | CALL | TRADE | BEARISH | 01/17/25 | $60.00 | $64.8K | 2.5K | 362 |
| LVS | CALL | SWEEP | BEARISH | 01/17/25 | $60.00 | $48.1K | 2.5K | 162 |
About Las Vegas Sands
Las Vegas Sands is the world's largest operator of fully integrated resorts, featuring casino, hotel, entertainment, food and beverage, retail, and convention center operations. The company owns the Venetian Macao, Sands Macao, Londoner Macao, Four Seasons Hotel Macao, and Parisian Macao, as well as the Marina Bay Sands resort in Singapore. Its Venetian and Palazzo Las Vegas assets in the U.S. were sold to Apollo and VICI for $6.25 billion in 2022. We expect Sands to open a fourth tower in Singapore in 2029. With the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.
Having examined the options trading patterns of Las Vegas Sands, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Las Vegas Sands
- With a trading volume of 2,071,742, the price of LVS is up by 2.11%, reaching $49.95.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 76 days from now.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Las Vegas Sands, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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