Far downside put spread opened in Las Vegas Sands
Far downside put spread opened in Las Vegas Sands. The stock up 42c to $55.91 after setting 52-week lows yesterday and 15K Jan 35 - 45 put spreads bought for 65c. The spread has traded more than 20K, which will create the largest open interest blocks in the name, and expresses concerns that shares could sink 37.4% to $35 or below through early-2019. The stock has already lost more than 30% since mid-June. Next earnings expected 10/24.