Ok,I now own 3000 shares of LVS... This is a classic case of being 'whipped-sawed' My shares were bought at a cost of 150,240. So it seems if the stock stays above 50 I will make around 600. Yikes, a lot of work for 600 bucks! All of this started with a simple trade that was to last about 4 days and one of those were a holiday.. Now I remember why I mainly stick to naked puts! As the Eagles said in one of their songs
" The lure of easy money has a very strong appeal"... How true.
3 comments:
NO business. I can't seem to find anything that is worth the effort. Any suggestion - like you say - stick to shorting put.
Happy Thanksgiving.
You might look at LULU. You can get a pretty good return (monthlys)
The stock is trading around 53.6 and you can sell the Dec 18 put for .20 and maybe .25. That would be a return of 4.5% for the prem of .20 and even better if you could get .25 prem.
good luck
Caution with LULU
Earnings whisper as an unconfirmed earnings release date of 12/9/10
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