Quantcha now offering unlimited commission-free options trading.
Quantchabot has detected a promising Bear Call Spread trade opportunity for LAS VEGAS SANDS (LVS) for the 22-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
LVS was recently trading at $38.63 and has an implied volatility of 44.86% for this period. Based on an analysis of the options available for LVS expiring on 22-Oct-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $33.40-$38.63 at expiration. In this scenario, the average linear return for the trade would be 40.73%.
Big -9.93% Change: After closing the last trading session at $42.89, LAS VEGAS SANDS opened today at $39.30 and has reached a low of $38.55.
Trade approach: A movement as big as -9.93% is a significantly bearish indicator, so this trade is designed to be profitable if LVS maintains its current direction and does not revert back to pricing on the bullish side of $38.63 on 22-Oct-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if LAS VEGAS SANDS closes at or below $38.65 on 22-Oct-2021. Based on our risk-neutral analysis, there is a 50.12% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.