Review of Session: New lows and balancing in the equities. The end of the first-week hinges on Non-Farm Payrolls. We also learned that tech shares are being sold at high rates in front of rate hikes, which affect tech financing.
Next Session: Non-Farm Payrolls.
From the Quicksheet: Las Vegas Sands in on the Quicksheet. They’ve been balancing around the 37.83 area in a range from 33-45 since August. IV rank is increasing. They have also been holding steady while the rest of the indexes have struggled this week. Suppose you wanted to create an idea from this…
|OPPORTUNITY?||LVS auctions higher from 37.83 toward 45 bracket high|
|IDEA?||Sell Feb 33/29 put spread for .50 or greater|
|RISK?||Risk on the spread is max $351/spread|
|HOW WILL I KNOW THAT I’M RIGHT?||LVS continues to hold the 33-45 bracket|
|HOW WILL I KNOW THAT I’M WRONG?||Trade below $33|
TO FIND OTHER IDEAS LIKE THIS: