Real-time equity news U.S. stock market report 1328 ET 17Aug2010-Bulls stockpile calls on Las Vegas Sands -------------------------------------------------- Analysts noted frenzied trading in Las Vegas Sands Corp options as shares of the casino operator jumped 4.7 percent to $30.22 just below its new year high of $30.27. "Bullish investors hoping to see the upward momentum continue are scooping up call options on the stock," said Interactive Brokers Group equity options analyst Caitlin Duffy. As of 12:15 EDT, she noted more than 3.1 calls traded for every put option. Traffic is heaviest in near-term in- and out-of-the-money calls. Investors bought about 12,500 calls at the August $30 strike for an average premium of 37 cents each. More than 20,500 calls changed hands at that strike by 12:40 EDT, exceeding the strike's previous open interest of 16,498. Investors buying the contracts outright are poised to profit if the shares trade above the average breakeven price of $30.37 by August expiration. Bullishness spread to the higher August $31 strike, where traders picked up about 3,600 calls for an average premium of 10.5 cents apiece. Call buyers make money if the shares surpass the breakeven $31.105 price by expiration.
www.cnbc.com/id/38741400
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