Call Options on LVS on 2/6/2023

Las Vegas Sands Corp. (LVS) develops, owns, and operates integrated resorts in Asia and the United States. 

It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and Marina Bay Sands in Singapore.

The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; and the Sands Expo and Convention Center in Las Vegas, Nevada. Its integrated resorts feature accommodations, gaming, entertainment and retail malls, convention and exhibition facilities, celebrity chef restaurants, and other amenities.

Shares have formed a bullish cup and handle following its earnings report. The Chinese government has decided to ease Covid restrictions in Macao..  Higher share prices are expected. On January 18th LVS reported a Quarter December 2022 loss of $0.19 per share on revenue of $1.1 billion. The consensus estimate was a loss of $0.10 per share on revenue of $1.2 billion. Revenue grew 10.8% on a year-over-year basis. Higher share prices are expected,

We will be trading February 24 call options

Entry Point: $58.00

Trading Range: $28.875 to $60.34

Trade Buy 1 February $57.00 Call at $2.00 For a net debit of $2.00 Profit/Loss Analysis Breakeven at $59.00 Maximum profit is unbounded Maximum loss is ($200.00) at strike of $57.00 Closing Summary Sold 1 February $57.00 Call at $0.00

Position closed on 2/27/2023 at price of $0.00 with a -100.00% loss in 21 days.

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