$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.