Put Options on LVS on 2/10/2020

Las Vegas Sands Corp. (LVS) develops, owns, and operates integrated resorts in Asia and the United States.

It owns and operates The Venetian Macao Resort Hotel, the Sands Cotai Central, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People's Republic of China; and iconic Marina Bay Sands in Singapore. The company also owns and operates The Venetian Resort Hotel Casino on the Las Vegas Strip; the Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania. Its integrated resorts feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants, and other amenities.

Shares are heading lower after running into overhead resistance of 30-day moving average. The coronoavirus has caused shut down of most of Macao casinos which should continue to pressure LVS shares.

We will be trading March 6th Put Options

Last Trade: $66.80

Trading Range: $51.165 to 74.29

Trade Buy 1 March $67.00 Put at $2.50 For a net debit of $2.50 Profit/Loss Analysis Breakeven at $64.50 Maximum profit is unbounded Maximum loss is ($250.00) at strike of $67.00 Closing Summary Sold 1 March $67.00 Put at $4.50

Position closed on 2/24/2020 at price of $4.50 with a 80.00% gain in 14 days.

Updates

2/24/2020 10:28:50 AM

LVS Put Options closed at $4.50

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