Las Vegas Sands Corp (LVS) $16.37 +9.57%

| January 4, 2010 | 0 Comments More

Las Vegas Sands (LVS) has been grinding higher, now up $1.50 to $16.44, near session highs, after UBS upgraded the stock to Buy. The firm said they expect Macau market to grow 18 percent year-over-year growth in 2010 and are raising their price target to $20 from $19. Options volume is running 3X the normal levels for midday, with 36K calls and 18K puts traded. Jan 16 calls, Jan 17.5 calls and Jan 15 puts are the most actives, as players jockey for position in anticipation of the stock’s next move. Implied volatility (average) is up 7 percent to 56.

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About the Author (Author Profile)

Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.

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