LVS still has legs!

Casinos continued to rally as investors couldn't get enough casino stocks with exposure to China. Names that did particularly well included Wynn Resorts (Wynn) up 4% and Las Vegas Sands (LVS) up 3.6% on very large volume. LVS traded 39 million shares which is nearly 30% higher than its average volume. On a day where the S&P 500 traded lower by almost 1% shows that these guys have plenty of room to run. So, I'm going to make a fairly low risk bet buy suggesting a call strike waaaay OTM. I'm going to go after the $45 strike upside calls expiring Jan 2011. These guys are currently trading around $1.20 and I think that a double is well within reach. I see this stock going to $40/share in the very near-term (within the next 30 days) if this bullish action continues. If that were to occur, B-S suggests these guys almost doubling. Should we hold our for a deuce? No, take 50% upside and run! ;).