According to Bloomberg report

Sands China stock reached record level

(Macau).- Options protecting against losses on Sands China stock are at their highest level ever, Bloomberg reports. The price difference rose to 2.65 points on December 2, the highest since the contracts began in June last year.
2013-12-13
Reading time 25 seg
(Macau).- Options protecting against losses on Sands China stock are at their highest level ever, Bloomberg reports. The price difference rose to 2.65 points on December 2, the highest since the contracts began in June last year.

The news agency cites its own data on three-month options as showing puts hedging against a decline of 10 percent in Sands China stock cost 1.78 points more than calls betting on an advance of 10 percent.

UOB-Kay Hian Holdings analyst Victor Yip said investors felt valuations were getting pricey. “They’re offloading either by selling the actual shares or by purchasing some put options,” Yip said.

Bloomberg says Sands China declined to comment.

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