$LVS Oversold Finding Support - Bullish Options Activity
$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.
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.