LVS trade ideas
LVS Bearish Counter Trend TradeTime for Bullish trend for LVS is Over! LVS is going up for last couple of weeks and now at a multiple time frame resistance. Seasonality shows May is 71% bearish. For april, seasonality was 51% bearish with a 1:1 reward/risk. It has gone up most of the month and now high probability of reversing.
$LVS A lot of people are betting on Las Vegas Sands into earningLas Vegas Sands report earnings on the 17th April and whispers are that it will be a beat. We are not going long into this strength as the stock has already had a very impressive run. We are hoping for a pullback after a initial pop to meet the golden pocket resistance.
LVS - Bearish-neutral Iron CondorStock has sold off since May/June, with no recovery since last earnings report. Betting on price to stay within this range.
35/40/62.5/67.5 JAN19 IRON CONDOR @ 0.64 CREDIT
General plan:
Roll if necessary & if possible to reduce risk.
Target maximum profit, unless significant profit appears early.
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