Las Vegas Sands Attracts Optimistic Options Investors

LVS – Las Vegas Sands Corp. – The owner and operator of casino resorts attracted optimistic options investors today with the value of its shares increasing 1.6% during the first half of the session to touch an intraday high of $28.85. Bulls expecting Las Vegas Sands’ shares to continue to rally ahead of August expiration purchased roughly 3,900 in-the-money calls at the August $28 strike for an average premium of $1.03 per contract. Call buyers are prepared to make money should the price of the underlying stock rally above the average breakeven price of $29.03 by expiration day. LVS shares last traded above $29.03 on August 5, 2010, when the stock reached its current 52-week high of $29.50.

About Andrew Wilkinson 1023 Articles

Affiliation: Interactive Brokers

Andrew Wilkinson is the senior market analyst at Interactive Brokers Group, where he provides daily commentary and analysis on U.S. equity options trading throughout the trading day. Andrew provides webinars designed to explain option-related trading scenarios covering futures, fixed income, forex and equities.

Interactive Brokers: Interactive Brokers offers direct market access to around 80 electronic global markets from a single account. Successful traders and investors understand that superior technology and lower trading costs can result in greater returns. For 32 years we have been building direct access trading technology that delivers real advantages to professionals worldwide. With consolidated equity capital of US $4.4 billion, IB and its affiliates exceed 1,000,000 trades per day. In addition, our prudent and conservative risk policies make Interactive Brokers a safe haven for your money. Discover some of the reasons why IB, the largest independent US broker/dealer, is the professional traders' and investors' choice.

Visit: Interactive Brokers

Be the first to comment

Leave a Reply

Your email address will not be published.