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

SPY210.46  chart+0.2299  chart +0.11%
GOOG575.33  chart+1.96  chart +0.34%
AAPL126.41  chart-2.13  chart -1.66%
TSLA200.63  chart-1.805  chart -0.89%
BBRY10.89  chart+0.05  chart +0.46%
NFLX467.65  chart-2.12  chart -0.45%
FB81.21  chart+0.315  chart +0.39%

Nikkei18751.84  chart+48.24  chart +0.26%
Shanghai0.00  chartN/A  chartN/A
UK6961.14  chart+41.90  chart +0.61%
France4963.51  chart+46.16  chart +0.94%
Germany11504.01  chart+113.63  chart +1.00%