Notable profits for the buyer who lifted the $0.99 offer for 11,739 Las Vegas Sands (LVS) 12/29 weekly 47 calls yesterday at 09:53ET when underlying shares were trading at $45.59. Shares closed at $46.12, and the calls at $1.17 for a mark-to-market profit of 18%, or $207K, on the $1162K outlay.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LVS:
- Las Vegas Sands call volume above normal and directionally bullish
- Adelson, Dumont families confirm deal to buy majority ownership of Mavericks
- Las Vegas Sands 46.26M share Spot Secondary priced at $44.00
- Adelson family close to buying majority stake in Dallas Mavericks, Sportico says
- Las Vegas Sands announces $2B common stock offering for holders