LVSLas Vegas Sands Corp.
Options Analysis Report•HOTELS & MOTELS
Market Cap $38.3B|NYSE
● 2026-04-17$57.64
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +77.0%YTD -11.6%7D +7.8%
Options Vol
7,280
30D
Implied Move
±14.0%
IV Rank
40%
LVS Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.1
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 73.5% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.56x — IV premium over HV
Sector Relative≤50%
Sector percentile 67% — above sector median
Term Structure
<1.1xFront/Back 1.67x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 43.8% — normal range
Spread-Adjusted Value
<80%Effective IV 79.9% (ATM 43.8% + spread 18.1% + bias) — fair
Execution Efficiency
<3.0%Total drag 27.66% (spread 18.07% + slippage 9.59%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.82 (vega 3.290 / spread 18.07%) — spread drag
Sentiment
Bullish or bearish?
5.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +36%, Raw: +41%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +36% (strong bullish) — Raw: +41%
OI Skew Magnitude
≥15%|OI skew| 27.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -22.5%, OI skew +27.2% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 31%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -70%, ATM: -57%, OTM: +60% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 82% — very bearish vs sector
Activity
Unusual activity?
6.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 1.6x avg — elevated
Turnover Rate
≥15%Vol/OI 5.3% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days2 day(s) elevated — sustained
OI Build
≥5%OI change +7.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 52% — neutral vs sector
Trade Quality
≥30%Large trade volume 20% — mixed
Execution Urgency
≥60%Aggressive execution 59% — patient
Flow Conviction
≥30Conviction +36 (bullish) — moderate
Liquidity
Can I trade efficiently?
3.4
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 18.1% — wide
Adequate OI
≥10,000OI 136,922 — deep
Active Volume
≥500Volume 7,280/day — active
Reasonable Cost
≤$0.50$0.90 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 68% — wider than sector
Order Book Depth
≥100 contractsDepth 213.5 contracts (bid:130.0 ask:83.5) — adequate
Execution Quality
<1.0%Avg slippage 9.59% — poor
Timing
Is now a good time?
7.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +67.5% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 74% — seller opportunity
Event Detection
≥10pts kinkIV kink 22.2pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 24.41 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 5d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +36% @ 68% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 50 (ITM 20% + inst 20%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls4.7
bullishIV expensive, mixed flow
Long Puts4.2
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.9
bullishIV rich premium, mixed flow
Covered Call5.4
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.