Options Traders Rolling the Dice With Las Vegas Sands (LVS)
Shares of Las Vegas Sands Corp. (NYSE: LVS) are higher on the session by 1.10%, currently trading at $31.33. The stock has been moving largely higher over the past nine months, breaking above key resistance at $30.47 a short while ago.
Options traders are continuing to buy upside on the name today. Currently, 44,000 calls have trade versus 22,000 puts. Notably, the March 2011 $40.00 call was purchased 10,000 times, on the offer, a short while ago. Open interest on the strike is only 928 contracts, indicating new positioning on the strike.
Implied volatility is moving higher as well, indicating that options traders are willing to pay up for their positions in LVS.
Las Vegas Sands Corp. owns and operates The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino and The Sands Expo and Convention Center in Las Vegas, Nevada, and the Sands Macao, The Venetian Macao Resort Hotel, the Four Seasons Hotel Macao, Cotai Strip and the Plaza Casino (together with the Four Seasons Hotel Macao, the Four Seasons Macao) in the Macau Special Administrative Region of the People's Republic of China.
