New Trade: LVS

Las Vegas Sands is on my watchlist as it tends to decline the first week of June. I purchased 10 June 55 puts at $0.45. I’ve set my exit point at $1.00 and my loss limit at $0.25. The stock has declined the last couple of days but, it started rising this morning. Just before 8am the indicators on my 8min chart signaled a decline so, I entered the trade. 

Here’s a look at my potential profits:

# Shares or Contracts Purch Price Capital Out Sell Price Capital In Comm & Fees Gain / Loss

% Gain & Loss

10 0.45 450.00 1.00 1000.00 20.00 530.00 117.8%

My charts on entering this trade:

130516 WFM


What do you think? Let me know in the comments!

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