May 09, 2013 (Marketintelligencecenter.com via COMTEX) -- Las Vegas Sands Corp (NYSE:LVS) closed Wednesday's trading session at $57.01. In the past year, the stock has hit a 52-week low of $34.72 and 52-week high of $57.88. Las Vegas Sands (LVS) stock has been showing support around $56.10 and resistance in the $57.62 range. Technical indicators for the stock are Bullish and S&P gives Las Vegas Sands (LVS) a positive 4 STARS (out of 5) buy rating. For a hedged play on Las Vegas Sands (LVS), look at the Jul '13 $55.00 covered call for a net debit in the $53.31 area. That is also the break-even stock price for this trade. This covered call has a duration of 72 days, provides 6.49% downside protection and an assigned return rate of 3.17% for an annualized return rate of 16.07% (for comparison purposes only). A lower-cost hedged play for Las Vegas Sands (LVS) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the Las Vegas Sands (LVS) Jan '14 $42.25 call and selling the Jul '13 $55.00 call for a total debit of $11.75. The trade has a lifespan of 72 days and would provide 5.28% downside protection and an assigned return rate of 8.51% for an annualized return rate of 43% (for comparison purposes only). Las Vegas Sands (LVS) has a current annual dividend yield of 2.47%.
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As of Sunday, 05-05-2013 23:59, the latest Comtex SmarTrendA? Alert,
an automated pattern recognition system, indicated a DOWNTREND on
04-23-2012 for LVS @ $56.50.
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