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

Options update 1-18-08: Las Vegas Sands volatility elevated as it opens Palazzo Las Vegas originally appeared on BloggingStocks on Fri, 18 Jan 2008 09:58:00 EST. Please see our terms for use of feeds.