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

SPY193.85  chart+3.55  chart +1.87%
GOOG524.97  chart+4.1299  chart +0.79%
AAPL102.215  chart+2.455  chart +2.46%
TSLA234.17  chart+3.70  chart +1.61%
BBRY10.20  chart-0.10  chart -0.97%
NFLX365.10  chart+5.88  chart +1.64%
FB78.30  chart+1.35  chart +1.75%

Nikkei14804.28  chart-306.95  chart -2.03%
Shanghai2339.657  chart-17.071  chart +0.00%
UK6372.33  chart+105.26  chart +1.68%
France4081.24  chart+90.00  chart +2.25%
Germany8886.96  chart+169.20  chart +1.94%