Check Out What Whales Are Doing With Las Vegas Sands

 

Someone with a lot of money to spend has taken a bullish stance on Las Vegas Sands LVS.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with LVS, it often means somebody knows something is about to happen.

So how do we know what this whale just did?

Today, Benzinga's options scanner spotted 20 uncommon options trades for Las Vegas Sands.

This isn't normal.

The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.

Out of all of the special options we uncovered, 4 are puts, for a total amount of $265,590, and 16 are calls, for a total amount of $1,350,495.

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 $20.0 to $50.0 for Las Vegas Sands over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $20.0 to $50.0 in the last 30 days.

Las Vegas Sands Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

 

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
LVS CALL TRADE NEUTRAL 10/21/22 $40.00 $183.0K 11.8K 5.0K
LVS PUT SWEEP BEARISH 09/16/22 $38.00 $181.6K 2.5K 722
LVS CALL TRADE BEARISH 03/17/23 $20.00 $178.9K 311 100
LVS CALL SWEEP BULLISH 10/21/22 $40.00 $169.0K 11.8K 4.0K
LVS CALL SWEEP BULLISH 11/18/22 $39.00 $108.3K 6 484

Where Is Las Vegas Sands Standing Right Now?

  • With a volume of 3,320,132, the price of LVS is down -0.51% at $36.71.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 70 days.

What The Experts Say On Las Vegas Sands:

  • Barclays has decided to maintain their Overweight rating on Las Vegas Sands, which currently sits at a price target of $43.
  • JP Morgan has decided to maintain their Overweight rating on Las Vegas Sands, which currently sits at a price target of $44.
  • Wells Fargo upgraded its action to Overweight with a price target of $45
  • Citigroup has decided to maintain their Buy rating on Las Vegas Sands, which currently sits at a price target of $58.
  • Stifel has decided to maintain their Buy rating on Las Vegas Sands, which currently sits at a price target of $50.

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.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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