A perfect day with sideways movement. The volatility is still high and there are plenty of opportunities for options traders. Most of the stock jumped up over the last 3 days so I wouldn't be surprised if we saw a bit of correction in the remaining days of this week.
So what's my trade for today?
I was thinking of going for an AMZN strangle in November but seeing that #LVS (#LasVegasSands) jumped 14% in 3 days, I could not resist to sell the Oct $45 call against it.
LVS Daily Chart
Trade Type: Short Call
Expiry: 21 Oct
IV Rank: 54.1
Cap Req: $617
Annualised Prof at Expiry: 366%
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