On the surface, multi-use integrated resorts operator Las Vegas Sands (LVS) might appear a compellingly bullish opportunity. Yesterday, while the rest of the market mostly stumbled, LVS stock enjoyed a sizable lift of more than 2%. What’s more, it represented one of the highlights of Barchart’s unusual stock options volume indicator, suggesting heightened enthusiasm among smart money investors.
Indeed, total volume reached 67,469 contracts versus an open interest reading of 417,192 contracts. Monday’s volume represented a 329.36% bump up from its trailing one-month average metric. Further, call volume clocked in at 53,969 contracts versus put volume of only 13,500. This pairing yielded a put/call volume ratio of 0.25.
