High-rolling investors have positioned themselves bullish on Las Vegas Sands LVS, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in LVS often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Las Vegas Sands. This is not a typical pattern.
The sentiment among these major traders is split, with 55% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $28,659, and 8 calls, totaling $601,480.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $49.0 for Las Vegas Sands over the recent three months.
Insights into Volume & Open Interest
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 $40.0 to $49.0 in the last 30 days.
Las Vegas Sands 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LVS | CALL | TRADE | BULLISH | 03/15/24 | $45.00 | $145.0K | 4.9K | 534 |
| LVS | CALL | TRADE | NEUTRAL | 03/15/24 | $45.00 | $143.1K | 4.9K | 1.0K |
| LVS | CALL | TRADE | BULLISH | 03/15/24 | $45.00 | $143.1K | 4.9K | 258 |
| LVS | CALL | TRADE | NEUTRAL | 02/09/24 | $49.00 | $51.2K | 0 | 200 |
| LVS | CALL | SWEEP | BULLISH | 02/16/24 | $48.00 | $33.4K | 1.4K | 101 |
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.
After a thorough review of the options trading surrounding Las Vegas Sands, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of Las Vegas Sands
- Trading volume stands at 1,245,751, with LVS's price down by -0.1%, positioned at $48.49.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 27 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Las Vegas Sands with Benzinga Pro for real-time alerts.
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