Saturday, December 31, 2016

LVS Covered Put, GOOGL Covered Put

Sold a Las Vegas Sands covered put at 53.50 at 0.75 and sold out at 0.25 in the next week for a 66% return. Sold a Google Put for January 27 at 757.50 for $9.70. Stock went down up to 10 points the next day to $792, the price of the put has gone up to $12.33. Should lose value as it gets closer to expiration.

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