Established Covered Calls in Las Vegas Sands Corporation

This morning a short-term Covered Calls position was established in Las Vegas Sands Corporation (ticker LVS). Three hundred shares were purchased at $56.50 and three February 20th, 2026 monthly Call options were sold at the $55.00 strike price at $2.36 per share--a buy/write net debit transaction of $54.14 per share which provides a $.86 per share time value profit potential.  

Las Vegas Sands was one of only 37 companies that passed all criteria in my "Key Metrics for Comparing Companies" stock screener, which places it in the top 1.4% of the 2,643 major U.S. companies considered in this stock screener.  The average target price of the 18 analysts following Las Vegas Sands Corp. is $69.36 which is +22.7% above today's stock purchase price.  The stock screener criteria and the actual numbers for LVS are shown in the filter breakdown in the table below:

As detailed below, a potential return-on-investment result is +1.6% absolute return-on-investment (equivalent to +58.5% annualized return-on-investment for the next 10 days) if the Las Vegas Sands Corporation share price is in-the-money (i.e. above the $55.00 strike price) and therefore assigned on its February 20th, 2026 options expiration date.

 
Las Vegas Sands Corporation (LVS) -- New Covered Calls Position 

The Buy/Write transaction was as follows:
2/10/2026 Bought 300 shares of Las Vegas Sands Corporation @ $56.50 per share.  
2/10/2026 Sold 3 LVS February 20th, 2026 $55.00 Call options @ $2.36 per share.  The Implied Volatility of these Call options was 42.6 and the probability that the Calls will expire in-the-money on the options expiration date was 63.0% when this transaction was executed today. 

A possible overall performance result (including commissions) for this Las Vegas Sands Corporation Covered Calls position is as follows:
Covered Calls Net Investment: $15,974.01
= ($56.50 - $2.36) * 300 shares + $2.01 commission

Net Profit:
(a) Options Income: +$705.99
= ($2.36 * 300 shares) - $2.01 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If 300 Las Vegas Sands Corporation shares assigned at $55.00 strike price at expiration): -$450.00
+($55.00 - $56.50) * 300 shares

Total Net Profit Potential (If 300 Las Vegas Sands shares assigned at $55.00 strike price at expiration): +$255.99
= (+$705.99 options income +$0.00 dividend income -$450.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.6%
= +$255.99/$15,974.01
Potential Annualized Return-on-Investment: +58.5%
= (+$255.99/$15,974.01) * (365/10 days)