Wednesday, December 14, 2016

Las Vegas Sands Covered Put

Las Vegas Sands (LVS) dropped precipitously last week on news the Chinese government would limit cash withdrawals from ATMs in Macau to around $600. The stock dropped about eight points last week. Sold puts at $54. The stock has rebounded in a few days and was able to but to close the put positions. Returned around 80% in a few days.

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