27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Someone with a lot of money to spend has taken a bearish stance on Las Vegas Sands (NYSE:LVS).
And retail traders should know.
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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 10 uncommon options trades for Las Vegas Sands.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $165,267, and 6 are calls, for a total amount of $365,115.
What's The Price Target?
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Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $60.0 for Las Vegas Sands over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Las Vegas Sands options trades today is 2504.5 with a total volume of 972.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Las Vegas Sands's big money trades within a strike price range of $50.0 to $60.0 over 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 | PUT | SWEEP | BULLISH | 09/15/23 | $55.00 | $83.7K | 9.1K | 280 |
| LVS | CALL | TRADE | NEUTRAL | 09/15/23 | $50.00 | $78.7K | 3.4K | 145 |
| LVS | CALL | TRADE | NEUTRAL | 09/15/23 | $50.00 | $73.8K | 3.4K | 70 |
| LVS | CALL | TRADE | BULLISH | 09/15/23 | $52.50 | $70.9K | 704 | 82 |
| LVS | CALL | TRADE | BEARISH | 09/15/23 | $52.50 | $57.2K | 704 | 147 |
Where Is Las Vegas Sands Standing Right Now?
- With a volume of 979,803, the price of LVS is down -0.82% at $58.45.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 44 days.
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.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.