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
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 ...
$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.
I think LVS will pull back to the 74 level in a week or 2. It has fallen for the last few days on more than average volume.
Also the Sector is looking weak on NO news. so why are the big guys selling? I am not sure why and who is selling it but I don't like the chart.
LVS might be a good one to short. It has been falling on hug volume along with WYNN but not as much. If the sector doesn't turn around LVS might try to catch up with WYNN on to the downside. possible Collapse?