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Posted On: 05/10/2017 3:15:07 PM
Post# of 2218
$Las Vegas Sands $LVS)
Better gaming numbers in China and a strong dollar are helping the sector and should support the inverted “head and shoulders” pattern that completed in late April on Las Vegas Sands (LVS). John and Wade like the trade as a very short-term position right now as it approaches 2016’s highs. They recommend remaining flexible if the stock consolidates at $61-62 per share, as that may act as short-term resistance.
‘Buy to open’ the LVS June 60 Calls (LVS170616C00060000) for a maximum price of $1.60.
Better gaming numbers in China and a strong dollar are helping the sector and should support the inverted “head and shoulders” pattern that completed in late April on Las Vegas Sands (LVS). John and Wade like the trade as a very short-term position right now as it approaches 2016’s highs. They recommend remaining flexible if the stock consolidates at $61-62 per share, as that may act as short-term resistance.
‘Buy to open’ the LVS June 60 Calls (LVS170616C00060000) for a maximum price of $1.60.
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