Looking At Las Vegas Sands's Recent Whale Trades

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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 21 uncommon options trades for Las Vegas Sands.

This isn't normal.

The overall sentiment of these big-money traders is split between 71% bullish and 28%, bearish.

Out of all of the special options we uncovered, 7 are puts, for a total amount of $318,297, and 14 are calls, for a total amount of $766,046.

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 $31.0 to $95.0 for Las Vegas Sands over the last 3 months.

Volume & Open Interest Development

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 $31.0 to $95.0 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 BEARISH 01/20/23 $55.00 $263.0K 4.5K 597
LVS PUT SWEEP BEARISH 01/20/23 $45.00 $73.7K 4.3K 1.7K
LVS CALL TRADE BULLISH 05/20/22 $50.00 $59.4K 16.7K 538
LVS CALL SWEEP NEUTRAL 01/20/23 $55.00 $55.1K 4.5K 912
LVS CALL SWEEP BEARISH 05/20/22 $46.00 $51.9K 457 165

Where Is Las Vegas Sands Standing Right Now?

  • With a volume of 9,415,044, the price of LVS is up 2.33% at $46.21.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 65 days.

What The Experts Say On Las Vegas Sands:

  • UBS upgraded its action to Buy with a price target of $53
  • Deutsche Bank has decided to maintain their Buy rating on Las Vegas Sands, which currently sits at a price target of $60.
  • Morgan Stanley has decided to maintain their Equal-Weight rating on Las Vegas Sands, which currently sits at a price target of $44.
  • CBRE has decided to maintain their Hold rating on Las Vegas Sands, which currently sits at a price target of $47.

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.

Market News and Data brought to you by Benzinga APIs
Date of Trade
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Put/Call
Strike Price
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Sentiment

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