Looking At Las Vegas Sands's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Las Vegas Sands (NYSE:LVS), with 72% of recent trades being bearish and 27% bullish. The majority of these trades are puts, totaling $292,305, with calls amounting to $82,370. The targeted price range for LVS over the last three months has been $55.0. The current price of LVS is $54.79, up 0.38%, and the stock is considered neutral between overbought and oversold.
August 30, 2023 | 4:31 pm
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A significant investor has taken a bearish stance on Las Vegas Sands, indicating potential downward pressure on the stock. The targeted price range over the last three months has been $55.0, slightly above the current price of $54.79.
The bearish stance taken by a significant investor, as evidenced by the majority of recent trades being puts, suggests potential downward pressure on the stock. The targeted price range over the last three months has been $55.0, which is slightly above the current price of $54.79, indicating that the investor expects the price to drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100