Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Someone with a lot of money to spend has taken a bullish stance on Las Vegas Sands (NYSE:LVS).
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
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 20 uncommon options trades for Las Vegas Sands.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $265,590, and 16 are calls, for a total amount of $1,350,495.
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 $20.0 to $50.0 for Las Vegas Sands over the last 3 months.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Volume & Open Interest Development
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 $20.0 to $50.0 in the last 30 days.
Las Vegas Sands Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LVS | CALL | TRADE | NEUTRAL | 10/21/22 | $40.00 | $183.0K | 11.8K | 5.0K |
| LVS | PUT | SWEEP | BEARISH | 09/16/22 | $38.00 | $181.6K | 2.5K | 722 |
| LVS | CALL | TRADE | BEARISH | 03/17/23 | $20.00 | $178.9K | 311 | 100 |
| LVS | CALL | SWEEP | BULLISH | 10/21/22 | $40.00 | $169.0K | 11.8K | 4.0K |
| LVS | CALL | SWEEP | BULLISH | 11/18/22 | $39.00 | $108.3K | 6 | 484 |
Where Is Las Vegas Sands Standing Right Now?
- With a volume of 3,320,132, the price of LVS is down -0.51% at $36.71.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 70 days.
What The Experts Say On Las Vegas Sands:
- Barclays has decided to maintain their Overweight rating on Las Vegas Sands, which currently sits at a price target of $43.
- JP Morgan has decided to maintain their Overweight rating on Las Vegas Sands, which currently sits at a price target of $44.
- Wells Fargo upgraded its action to Overweight with a price target of $45
- Citigroup has decided to maintain their Buy rating on Las Vegas Sands, which currently sits at a price target of $58.
- Stifel has decided to maintain their Buy rating on Las Vegas Sands, which currently sits at a price target of $50.
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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.