Well I closed the LVS puts. I had 30 of them and for reasons listed in the comments part of the previous post i decided to close. I made 155 in an hour so it was a good trade.
good luck all..I'm going golfing, keep the market under control while I'm out.
2 comments:
Hey Jer this is jdenys from TradeKing. I am happy to see that you took my advice and looked into trading some LVS lol and I'm happy for your short term profit they had a wonderful day today. I ended up taking your advise as well and went down to the half 35's other half 36's. I think I will wait maybe a week or two and see where this goes as the opportunity to roll up may be good. It was nice that they were upgraded in rating today. I hope one day to be as sucessful as you are. Perhaps one day we could arrange a tee time, I love to golf.
Hi Jonathon, thanks for the tip on LVS. Made a little to get my feet wet with this new stock for me. I am considering selling some Naked CALLs with LVS. But it will depend on the open on Monday. If they are dropping in price i will sell the weeklies at 50 strike. If moving up maybe I might go with 'puts'. But yes it is an interesting stock.
Hang in there and be careful and you will make money in the options field. To me, most traders get hung up on items such as the ..
VIX is crossing the 200 day moving average...
China might quit buying our bonds...
a death spiral of interest rates
inflation is rising..Oop's no it is dropping
etc etc.
They seem to make it very hard to make money. Just careful positions. Don't hesitate to take profits (or losses)
Don't get into a position where you are preying for help and please oh please stock save me etc.
It really is this easy.
good luck
Jerry
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