We had a bit of downwards movement today, just like I expected it over the past couple of days.
My feeling is that the VIX will keep going back up over 30 and the market will continue moving down.
So what's my trade for today?
Once again it's #LVS (#LasVegasSands). I only closed this trade 2 days ago and now I could re-open it for more credit than what I closed at it. But instead of selling the July $28/40, I decided to take a bit less risk on the up side and go with the $42 call instead. The potential ROI is phenomenal.