Options Brief: Las Vegas Sands (LVS)

By and Jun 4, 2010, 11:19 AM Author's Blog  

LVS – Las Vegas Sands Corp. – Earlier in the session the casino operator’s shares rallied more than 2.10% to an intraday high of $25.46, but as the morning progressed, Las Vegas Sands’ shares surrendered gains to stand 0.30% lower on the day at $24.85 as of 10:50 am (ET). Call buying observed on the stock during the past couple of trading days continued this morning with bullish investors positioning for share price appreciation and a new 52-week high for LVS ahead of June expiration. Options traders purchased at least 8,800 calls at the June $26 strike for an average premium of $0.86 apiece within the first 90 minutes of the session. Call-buyers make money if, by expiration, LVS’s shares rally 8% from the current value of $24.85 to surpass both the current 52-week high of $26.56, and the average breakeven price of $26.86.

  • SHARE:
  • Share on StockTwits

LEAVE A COMMENT

SPY193.09  chart-3.89  chart -1.97%
GOOG571.60  chart-15.82  chart -2.69%
AAPL95.60  chart-2.55  chart -2.60%
TSLA223.30  chart-5.62  chart -2.46%
BBRY9.33  chart-0.38  chart -3.91%
NFLX422.72  chart-11.64  chart -2.68%
FB72.65  chart-2.027  chart -2.71%

Nikkei15620.77  chart-25.461  chart -0.16%
Shanghai2201.562  chart+20.319  chart +0.93%
UK6730.11  chart-43.33  chart -0.64%
France4246.14  chart-66.16  chart -1.53%
Germany9407.48  chart-186.199  chart -1.94%