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.