claypuzzle

LVS bull put spread

Long
NYSE:LVS   Las Vegas Sands Corp
Sold the 55/54 put spread 8 dte for 20.5% ROI
Price into remnant demand behind 2 liquidity search spikes
Looks like a downward trending channel.
Spread is tucked at the distal side of next demand zone down which appears to be a higher timeframe zone.
Market is already making 2 strong bear moves down, so it'll have to keep extending to get the sold strike.
In theory the remaining demand zone at 57 plays enough defense to cause a small rally and get me over the finish line.
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