themdtrader

LVS - Bearish-neutral Iron Condor

Short
NYSE:LVS   Las Vegas Sands Corp.
Stock 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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