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


SPY205.38  chart-0.04  chart -0.02%
GOOG522.37  chart+0.85  chart +0.16%
AAPL125.24  chart+0.71  chart +0.57%
TSLA266.63  chart+4.61  chart +1.76%
TWTR35.8601  chart+1.6501  chart +4.82%
BBRY8.059  chart-0.231  chart -2.79%
NFLX652.80  chart+7.18  chart +1.11%
FB85.65  chart-0.15  chart -0.17%

Nikkei20235.73  chart+125.78  chart +0.63%
UK6520.98  chart-99.50  chart -1.50%
France4790.20  chart-79.62  chart -1.63%
Germany10944.97  chart-138.23  chart -1.25%

EUR / USD1.1144  chart-0.0092  chart -0.82%
GBP / USD1.5722  chart-0.0014  chart -0.09%
CAD / USD0.8005  chart-0.0059  chart -0.73%
AUD / USD0.7707  chart+0.0030  chart +0.39%