Bull Digs for Gains in Las Vegas Sands (LVS)

| February 4, 2013 | 0 Comments More

Las Vegas Sands (LVS) drops $1 to $54.88 and a Mar 52.25 – 55 call spread is sold on the stock at $1.62, 23000X. The 55s look opening and the 52.5s, sold for $3.95 today, probably closes a position opened on 1/7 when 26,580 traded for $2.67 (rolling out of Mr 47.25s at $5.50). Shares are up $4, or 7.9 percent, since that time and the winning position is now being rolled to the 55 strike in anticipation of further gains in shares of the casino-operator. Earnings were reported last-Wednesday.

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Category: All Stocks, Large Cap Stocks, Travel & Leisure

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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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