It was great to see the relative calmness in the market today, but I certainly didn't turn bullish.
I am still expecting the market to either plateau or fall next week with the VIX jumping up again.
So what's my trade for today?
I thought I would try my luck with #LVS (#LasVegasSands). I bought a July put vertical and financed it with a short call. Only one week till expiration and if it works out then I will double the capital I invested within 1 week so the annualised profit potential is 5200%.
LVS Daily Chart
Trade Type: Custom
Strike: long put vertical $35 / $34.5; short call 37
Expiry: 15 Jul
IV Rank: 53.8
Cap Req: $475
Annualised Prof at Expiry: 5200%
IMPORTANT: Studying previous trades provide the opportunity to everyone to learn a great deal so I encourage you to click on the links below and digest the info.