Deep-pocketed investors have adopted a bearish approach towards Las Vegas Sands LVS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LVS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Las Vegas Sands. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 54% bearish. Among these notable options, 4 are puts, totaling $188,361, and 7 are calls, amounting to $807,438.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $40.0 and $65.0 for Las Vegas Sands, spanning the last three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Las Vegas Sands's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Las Vegas Sands's substantial trades, within a strike price spectrum from $40.0 to $65.0 over the preceding 30 days.
Las Vegas Sands Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LVS | CALL | SWEEP | NEUTRAL | 03/15/24 | $45.00 | $192.8K | 5.2K | 1.1K |
| LVS | CALL | SWEEP | BEARISH | 03/15/24 | $45.00 | $192.4K | 5.2K | 188 |
| LVS | CALL | SWEEP | BEARISH | 01/19/24 | $45.00 | $150.0K | 1.7K | 669 |
| LVS | CALL | SWEEP | BULLISH | 12/15/23 | $45.00 | $100.0K | 2.2K | 545 |
| LVS | CALL | SWEEP | BULLISH | 01/19/24 | $45.00 | $94.2K | 1.7K | 983 |
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.
Following our analysis of the options activities associated with Las Vegas Sands, we pivot to a closer look at the company's own performance.
Las Vegas Sands's Current Market Status
- Trading volume stands at 12,954,452, with LVS's price up by 0.37%, positioned at $45.51.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 55 days.
What The Experts Say On Las Vegas Sands
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $77.0.
- An analyst from UBS persists with their Buy rating on Las Vegas Sands, maintaining a target price of $77.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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