AAL

Las Vegas Sands Corp. (LVS) Option Traders Bet On a Quick Reversal

Las Vegas Sands Corp. (NYSE:LVS) received a bullish brokerage note today, but put players aren't buying it

Jun 4, 2015 at 2:27 PM
facebook X logo linkedin


Las Vegas Sands Corp. (NYSE:LVS) is helping to lead its sector peers higher today, after Standpoint Research started coverage on the stock with a "buy" rating. At last check, the shares were up 4.6% at $54.84, and speculators were flooding the equity's options pits, ahead of the company's annual shareholder meeting that kicks off at 3 p.m. ET.

Specifically, total volume has jumped to three times what's typically seen at this point in the day. By the numbers, 24,000 calls have changed hands, compared to 19,000 puts. Most active is LVS' weekly 7/2 47.50-strike put, where it appears new positions are being purchased. If traders are indeed buying to open puts, the goal is for LVS to tumble below the strike by the close on Thursday, July 2 -- when the options expire.

Widening the scope reveals option traders have shown a slight preference for calls over puts in recent months. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), LVS' 50-day call/put volume ratio of 1.21 ranks in the 66th annual percentile.

In the front-month series, specifically, peak call open interest currently resides at the June 55 strike. Heavy accumulations of call open interest can often translate into a layer of overhead resistance; so, it's interesting to note that LVS topped out at an intraday high of $55.36 earlier.

Taking a longer-term look at the charts shows LVS has been charting a path lower over the past 52 weeks -- down 27%, amid pressure from its descending 120-day moving average. In fact, this trendline -- which is currently located at $55.06 -- helped contain today's rally. What's more, this burst higher could just be a blip on the bulls' radar, given Las Vegas Sands Corp.'s (NYSE:LVS) history of poor June performances.
 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.