Spotlight on Las Vegas Sands: Analyzing the Surge in Options Activity

Investors with a lot of money to spend have taken a bearish stance on Las Vegas Sands LVS.

And retail traders should know.

We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LVS, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 8 options trades for Las Vegas Sands.

This isn't normal.

The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $39,000, and 7, calls, for a total amount of $1,099,917.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $65.0 for Las Vegas Sands during the past quarter.

Analyzing Volume & Open Interest

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 $35.0 to $65.0 in the last 30 days.

Las Vegas Sands Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
LVS CALL SWEEP BEARISH 04/19/24 $45.00 $265.5K 4 1.5K
LVS CALL SWEEP BULLISH 04/19/24 $45.00 $265.5K 4 1.0K
LVS CALL SWEEP BEARISH 04/19/24 $45.00 $264.0K 4 2.0K
LVS CALL SWEEP BULLISH 04/19/24 $45.00 $185.5K 4 406
LVS CALL SWEEP BEARISH 04/19/24 $45.00 $46.6K 4 412

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.

In light of the recent options history for Las Vegas Sands, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Current Position of Las Vegas Sands

  • Currently trading with a volume of 1,537,262, the LVS's price is down by -0.06%, now at $48.82.
  • RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
  • Anticipated earnings release is in 2 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Las Vegas Sands with Benzinga Pro for real-time alerts.

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LVSLas Vegas Sands Corp
$41.36-1.83%

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