Time for Bullish trend for LVS is Over! LVS is going up for last couple of weeks and now at a multiple time frame resistance. Seasonality shows May is 71% bearish. For april, seasonality was 51% bearish with a 1:1 reward/risk. It has gone up most of the month and now high probability of reversing.
Las Vegas Sands report earnings on the 17th April and whispers are that it will be a beat. We are not going long into this strength as the stock has already had a very impressive run. We are hoping for a pullback after a initial pop to meet the golden pocket resistance.
Recently broken out of a bullflag this stock has room to the upside. Other stocks in this sector are doing very well. Positive earnings should send this soaring. First target 68.5
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.
Comment or direct message for discussion, or on other interesting...
Large spike in IV and the appearance of at least a short bottom/consolidation in The Sands Looking for a $2 credit on a 45p/60c Strangle 64 DTE Tasty stats 66% POP P50 85% Theta 3.85
I just know they been accumulating calls down at these levels. Now this is not looking like a great quarter for casino industry globally but this is due for bounce here.
I still believe we are above to see a short squeeze into critical Macau and Vegas numbers. I am not suggesting real strong numbers but I am suggesting excellent squeeze candidate.
$LVS Falling wedge into long term support from June '17 high. Expecting $66.25 to hold as support today and subsequent bounce off this level in the near term.
Medium term target - gap fill at $75.00
Note: Informational analysis, not investment advice.
Hedge: WYNN-(LVS/BYD)
Long - WYNN (200 shares)
Short - LVS (100 shares)
Long - BYD (100 shares)
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Las Vegas Sands Corp. is a developer of destination properties (integrated resorts) that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The Company owns and operates integrated resorts in Asia and the United States. The Company's principal operating and developmental activities occur in three geographic areas: Macao, Singapore and the United States. In Macao, the Company's segments include The Venetian Macao; Sands Cotai Central; The Parisian Macao; Four Seasons Macao; Sands Macao, and Other Asia (comprises the Company's ferry operations and various other operations). In Singapore, the Company's segments include Marina Bay Sands. In the United States, the Company's segment is Las Vegas Operating Properties. The Company also offers players club loyalty programs at its properties, which provides access to rewards, privileges and members-only events.
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LVS
