Market News

November 29, 2016  Tue 9:07 AM CT

Short-term traders are lookin for gains in Las Vegas Sands this week.

OptionMonster's monitoring system shows that about 4,100 Weekly 64 calls expiring this Friday were purchased for $0.31 to $0.43 today. Volume surpassed the strike's open interest of 922 contracts, indicating that new positions were established.

Long calls lock in the price where investors can buy stock, allowing them to profit from a rally with limited capital at risk. Their cheap cost can also generate significant leverage on a percentage basis if shares move in the right direction. (See our Education section)

LVS is off 0.05 percent to $62.52 in morning trading but is up 23 percent in the last three months. The casino operator reported bullish quarterly results on Nov. 3.

Calls outnumber puts in the name by a bullish 16-to-1 ratio.

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