Las Vegas Sands (NYSE: LVS) opened the company's new $1.9 billion resort.
The Palazzo Las Vegas is the first hotel to open on the Las Vegas Strip in nearly three years.
LVS closed at $74.46. LVS February option implied volatility of 67 is above its 26-week average of 49 according to Track Data, suggesting larger price fluctuations.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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