Mike Khouw Sees Unusual Options Activity In Las Vegas Sands

The most active options were the January $40 calls. Well over 28,000 contracts were traded for $3.62. Buyers of these calls are risking around 9.35% of the current stock price betting that the stock is going to trade over $43.62 by January expiration, or at least 12.68% above the closing price on Tuesday.

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