Unusual Options Activity & Dark Pool Volumes in Las Vegas Sands Corp. (LVS)

Unusual Options Activity & Dark Pool Volumes in Las Vegas Sands Corp. (LVS)
The unusual or noteworthy dark pool volumes on Las Vegas Sands Corp.

Looking Back on Noteworthy Options Activity in Las Vegas Sands Corp. (LVS)

On September 14th, 2021,among the underlying components of the NYSE, we saw unusual or noteworthy options trading volume and activity in Las Vegas Sands Corp. (LVS), which opened then at $39.71.

The first report of Las Vegas Sands Corp. unusual options activity was reported on Twitter here.  The report included 59.06% bullish premium versus $40.94% bearish premium on orders of $10,000 premium or more.

There were a total of 2,000 contracts traded on the $39 strike call option at the ask, dated for November 19th, 2021, representing approximately 200,000 shares.  

Additionally, there were a total of 4,000 contracts traded on the $43 strike call option at the bid, for the same date, representing another 400,000 shares.  These orders came from two separate trades, crossed, in sets of 2,000 each.

Finally, there were a total of 2,000 contracts traded on the $43 strike call option at the ask, again for the same date, representing approximately 200,000 shares.  

These orders had come just after reports that the Macau government plans to strengthen regulatory control of the gambling mecca.

As these orders came in as cross trades, it is anticipated that brokers matched these orders across different client accounts and reported them on the exchange where it then came across the order flow as uncovered by the Unusual Whales Flow tool; in other words, it is not anticipated that all of these orders were a part of the same strategy by an individual, fund, or institution.
Seen above are the unusual options activities found on the Unusual Whales Flow, dated for September 14th, 2021.

On September 15th, 2021, Las Vegas Sands Corp. opened around $36.88, and there was additional unusual activity uncovered by the Unusual Whales Flow tool and it was also reported independently on Twitter by another user here.

The bullish options order flow had continued, and at the time of that user’s report, Las Vegas Sands Corp was at 53.75% bullish against 46.25% bearish options order flow.

There were a total of 7,500 contracts traded on the $42 strike call option at the ask, dated for October 15h, 2021, representing approximately 750,000 shares.

Additionally, there were a total of 7,500 contracts traded on the $39 strike call option also at the ask and for the same date, representing another 750,000 shares.

Today’s Unusual Options Activity in Las Vegas Sands Corp. (LVS)

Today, September 16th, 2021, Las Vegas Sands Corp. opened at $37.09, and there was additional unusual activity.  These following trades came through as a part of a multi-leg strategy (as compared to the September 14th’s report of cross trades):

There were a total of 7,420 contracts traded between the $38 and $46 strike call options at the bid, dated for September 24th, 2021, representing approximately a total of 742,000 shares.

And finally, there was an additional set of 4,420 contracts traded on the $42 strike call options at the ask, for the same date, representing approximately 442,000 shares.

Altogether, this strategy would have represented a 66.9% probability of profit, with a maximum risk on the upside, and with a maximum return if Las Vegas Sands Corp.’s closing price on September 24th, 2021 would be $38.00.

Seen above are the unusual options activities found on the Unusual Whales Flow, dated for September 15th, 2021.
Seen above, today’s flow would be considered bullish.

There were 52.4% ask side whale positions taken and 65.1% of today’s options volume were in calls.  52.4% of the premium was bullish, with 4,733,380 calls purchased and 63,356 puts purchased.

Of interest, $42,811,991 of the bullish premiums were in contracts with the September 17th, 2021 weekly expiration; however, the most active expiration would be the October 15th, 2021, with its $105,403,786 bullish premium.
The above chart shows Las Vegas Sands Corp’s price, in blue, since around May 18th, 2021; call volume is represented in green, put volume in red, and open interest in yellow.

Call volume on September 14th jumped significantly to 335,077, from September 13th’s volume of 26,453.  Las Vegas Sands Corp has an average 30 day call volume of 59,900, so that increase represented a 933% increase over the mean.

Today’s Unusual or Noteworthy Dark Pool Activity in Las Vegas Sands Corp (LVS)

Today, on the Unusual Whales dark pool flow, there were a series of noteworthy units traded on the dark pool, seen below.

Dark pool trades on Las Vegas Sands Corp for September 16th, 2021.

Most noteworthy, of course, are the two $3,700,000 trades at settled prices of $36.95 and $36.90; the second order later in the day was an intermarket sweep, implying that the a broker had split the order into numerous parts to take advantage of the order sizes at the best prices that had been offered at the time.

Seen above are Las Vegas Sands Corp’s dark pool volumes, in gray bars, with its price as a blue line.

Unusual dark pool activity amounted to over 1,024,026 units traded today, September 16th, 2021.  The previous high on the dark was of the first report, September 15th, 2021, amounting to 2,348,861 units traded.  The other significant bar prior to that was on August 19th, 2021, at 3,507,143 units traded.

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