Option Buyers Skeptical of Las Vegas Sands Corp. (LVS)

Option traders see continued struggles for Las Vegas Sands Corp. (LVS)

Digital Content Group
Jan 20, 2015 at 3:18 PM
facebook X logo linkedin


Activity is picking up in Las Vegas Sands Corp.'s (NYSE:LVS) options pits today, as traders place bets on the struggling casino concern. Digging deeper, it looks like speculators have taken a mostly bearish stance toward LVS, as puts are trading at two times the normal intraday rate. Data shows possible buy-to-open activity at the February 53 strike, meaning options traders expect the security to fall below $53 by the close on Friday, Feb. 20, when the contracts expire.

Today's preference for puts over calls is just more of the same for LVS. The stock's Schaeffer's put/call open interest ratio (SOIR) of 1.85 is at an annual high, meaning short-term speculators are far more put-skewed than normal. Echoing that, the stock sports a 10-day put/call volume ratio of 1.47 on the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio stands just 6 percentage points from an annual high, pointing to a healthier-than-usual appetite for bearish bets of late.

Las Vegas Sands Corp. (NYSE:LVS) has struggled on and off the charts, losing 35% of its value in the past 52 weeks. The equity was last seen 2.8% lower at $53.36, and could be due for some bearish brokerage attention. Half of the analysts following LVS maintain "strong buy" opinions, and the consensus 12-month price target of $66.78 represents expected upside of more than 25% to the equity's current perch.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI