Mike Khouw Sees Unusual Options Activity In Las Vegas Sands

Mike Khouw said on CNBC's "Options Action" that Las Vegas Sands Corp. LVS was one of the busiest single stocks in the options space on Tuesday as it traded almost eight times its average daily options volume. Calls outpaced puts by about 3 to 1.

The most active options were the January $40 calls. Well over 28,000 contracts were traded for $3.62. Buyers of these calls are risking around 9.35% of the current stock price betting that the stock is going to trade over $43.62 by January expiration, or at least 12.68% above the closing price on Tuesday.