Las Vegas Sands Options Traders Betting On Stock Rising This Much By Next Friday

Las Vegas Sands (NYSE:LVS) is all set to report its latest quarterly earnings report on Wednesday, Jan. 25, 2023. Analysts expect the company to report a quarterly loss at $0.09 per share on revenue of $1.18 billion.

On CNBC’s "Options Action," Mike Khouw of Optimize Advisors said options markets are implying a move of +/-5% in Las Vegas Sands stock by the end of the week.

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There was a buyer of 1,500 of the February 3 weekly 56/60-call spreads at an average price of $0.87 per contract, Khouw mentioned.

The trader expects LVS stock rising as much as 8% by next Friday.

Price Action: Shares of Las Vegas Sands gained 0.1% to close at $55.47 on Tuesday, and added 0.1% in the after-hours trading session.

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