Whales with a lot of money to spend have taken a noticeably bullish stance on Las Vegas Sands.
Looking at options history for Las Vegas Sands LVS we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 16% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $249,571 and 12, calls, for a total amount of $485,774.
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 $38.0 to $52.5 for Las Vegas Sands over the last 3 months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of Las Vegas Sands stands at 467.25, with a total volume reaching 22,127.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Las Vegas Sands, situated within the strike price corridor from $38.0 to $52.5, throughout the last 30 days.
Las Vegas Sands 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LVS | PUT | SWEEP | BULLISH | 06/21/24 | $4.3 | $4.2 | $4.2 | $49.00 | $66.8K | 1.2K | 1 |
| LVS | CALL | SWEEP | BULLISH | 06/20/25 | $9.7 | $8.9 | $9.6 | $40.00 | $48.8K | 63 | 176 |
| LVS | CALL | SWEEP | BULLISH | 06/20/25 | $11.3 | $10.4 | $10.95 | $38.00 | $46.1K | 8 | 31 |
| LVS | CALL | SWEEP | BULLISH | 06/20/25 | $11.3 | $10.4 | $10.95 | $38.00 | $46.1K | 8 | 77 |
| LVS | CALL | SWEEP | BULLISH | 06/20/25 | $9.7 | $9.2 | $9.55 | $40.00 | $46.0K | 63 | 255 |
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. We expect Sands to open a fourth tower in Singapore toward the end of 2028. Its Venetian and Palazzo Las Vegas assets in the U.S. were sold to Apollo and VICI in 2022. With the sale of its Vegas assets, the company generates all its EBITDA from Asia, with its casino operations generating the majority of sales.
Present Market Standing of Las Vegas Sands
- Currently trading with a volume of 4,297,227, the LVS's price is down by -2.3%, now at $44.7.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 78 days.
What The Experts Say On Las Vegas Sands
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $62.6.
- An analyst from Mizuho has decided to maintain their Buy rating on Las Vegas Sands, which currently sits at a price target of $65.
- An analyst from Barclays persists with their Overweight rating on Las Vegas Sands, maintaining a target price of $60.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Las Vegas Sands, targeting a price of $75.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Las Vegas Sands with a target price of $60.
- An analyst from Jefferies persists with their Hold rating on Las Vegas Sands, maintaining a target price of $53.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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