Options traders cannot leave the casino - at least if call activity on Las Vegas Sands is any indication.
Despite a slight give back in the stock today, we saw another furious round of betting, with options traders buying huge chunks of the September 19-strike calls and 20-strike calls.
This a decidedly different take from March, when investors were all but certain this sector had crapped out on bloated balance sheets and a suddenly gambling adverse consumer.
Couple asset sales later, and a brighter outlook from Macau, and now these stocks, and Las Vegas Sands in particular, have hit the jackpot. LVS alone is up over 1000% since its March lows.