Shares of Las Vegas Sands Corp. (LVS) are trading 55.16 up .64. The shares are trading nearer the top of the 52-week range.
Today paper traded the LVS May 52.5/55 call spread over 20,000 times for about 1.35. ??Average volume is 42,000 contracts per day.? Open interest on the 52.5 strike is over 20,000 contracts.
The trade looks like a roller of options closing down the long 52.5 strike in May calls, locking in profits and buying the May 55 calls.? The volume went up in scattered large blocks, suggesting it was difficult filling the trade.
30-day implied volatility is 27%.?? 10-day implied volatility is 17%.? 30-day implied volatility is trading above the 10-day historical volatility.
Las Vegas Sands Corp. (LVS) is a global developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities.