$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.
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