Bearish flow noted in Las Vegas Sands with 8,667 puts trading, or 3x expected. Most active are May-23 50 puts and 3/24 weekly 52 puts, with total volume in those strikes near 4,000 contracts. The Put/Call Ratio is 3.80, while ATM IV is up over 4 points on the day. Earnings are expected on April 26th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on LVS:
- Las Vegas Sands price target raised to $66 from $64 at Jefferies
- Macau reports February casino revenue up 33.1% to 10.32B patacas
- Las Vegas Sands put volume heavy and directionally bearish
- George Soros Makes Major Changes to His Stock Positions
- Las Vegas Sands Stock (NYSE:LVS) Set to Continue Skyrocketing on China’s Reopening