Looking At Las Vegas Sands's Recent Unusual Options Activity

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

Looking at options history for Las Vegas Sands LVS we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 11% of the investors opened trades with bullish expectations and 88% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $66,269 and 7, calls, for a total amount of $293,635.

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 $55.0 for Las Vegas Sands during the past quarter.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Las Vegas Sands's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Las Vegas Sands's significant trades, within a strike price range of $35.0 to $55.0, over the past month.

Las Vegas Sands 30-Day Option Volume & Interest Snapshot

Biggest Options Spotted:

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.

Current Position of Las Vegas Sands

• Trading volume stands at 2,426,462, with LVS's price up by 1.34%, positioned at $50.95.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 72 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.