LVS Long Idea

2021년 6월 24일

LVS has been in a consolidation range for over 3 months. It is approaching a trend line that has been proven to be major support over the past year. I am looking for a breakout of this trading range to the upside. This stock moves fast when it gets a little momentum to the upside. It is currently trading below the 200 day MA, which in this market makes it somewhat of a value play.

Strategy:
Jan 2022 60 Calls (These contracts are trading with the lowest premium since they were originated)

Aug 2021 52.50/50 Put Credit Spread. Good risk to reward if it bounces and, gives plenty of time for the move to happen and collect a little theta decay.

Good luck trading!