Triple_Barrel_Capital

$LVS Oversold Finding Support - Bullish Options Activity

Long
NYSE:LVS   Las Vegas Sands Corp.
$LVS Oversold finding support in the mid-40s today - bullish hammer candlestick on the daily chart.
Monitor for confirmation green candle tomorrow - breaking through the $47.50 area will be key.

Bullish Options Activity:
19k $47.00 strike (OTM) Dec'20 calls traded today vs open interest of <1,500 (14x OI) for $8.5M in option premium

Near term price target: $53.50-$55.00 by late October



Note: This is NOT investment advice.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.