LVS – Las Vegas Sands Corp. – Frenzied trading in Las Vegas Sands’ options ensued as shares of the operator of casino resorts jumped nearly 4.5% to reach a new 52-week high of $30.15. Bullish investors hoping to see the upward momentum continue are scooping up call options on the stock. As of 12:15 pm ET, more than 3.1 call options on LVS changed hands for each single put option traded. Trading traffic is heaviest in near-term in- and out-of-the-money calls. Investors purchased approximately 12,500 now in-the-money calls at the August $30 strike for an average premium of $0.37 each. More than 20,500 calls changed hands at that strike by 12:40 pm ET, exceeding the 16,498 lots of previously existing open interest at that strike. Investors buying the contracts outright are poised to profit should Las Vegas Sands’ shares trade above the average breakeven price of $30.37 by August expiration. Bullishness spread to the higher August $31 strike where traders picked up about 3,600 calls for an average premium of $0.105 a-pop. Call buyers make money if, by expiration day, the casino operator’s shares increase 3.2% to surpass the average breakeven price of $31.105.