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Shareholders of Las Vegas Sands Corp (LVS) can enhance their income through a covered call option at a $65 strike, expiring in January 2027. The premium, currently at $5.60, offers a potential annualized return of 7.3%, leading to a total annualized return of 9.1% if the stock is not called away. To reach the $65 strike, LVS shares must increase by 16.1%, yielding a total return of 26.1% if the stock gets called.
As of mid-afternoon trading on Wednesday, the S&P 500 had a put volume of 850,295 contracts compared to 1.69 million call contracts, resulting in a put:call ratio of 0.50. This indicates significantly higher call trading volume relative to puts, contrasting with the long-term median put:call ratio of 0.65.
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