Richy,
To see a chart of the options, click on the trade tab, enter the stock symbol, right click on the option, then click tos charts.
If you are bullish to neutral on LVS I would look to buy a vertical Dec 49/50 call spread.
Buy the 49 calls at 3.15
Sell the 50 calls at 2.62
this would cost you .53 and would be your max loss if LVS closes below 49.00 on Dec expiry
your max gain would be .47 which you get if it closes above 50.00
Your breakeven stock price on expiration is 49.53, so LVS can go down some before you lose any money.
There is a 48% probability of expiring in the money.
If you were to just buy the 50 calls, you would need LVS to be at 52.62 on expiration to just break even. There is only a 33% probability that LVS will close above 52.50 on expiration.
You could also sell a vertical put spread.
Buy the 49 put for 2.09
Sell the 50 put for 2.58
This would credit your acct .49 and is the max gain if it closes above 50.00
Your max loss is .51 if it closes below 49
Your break even stock price on expiration is 49.51. Again the stock can go down some and you still not lose money.
If you are bearish to neutral do the opposite.
Buy a vertical bear put spread.
Buy the 50 put for 2.58
Sell the 49 put for 2.09
This would cost you .50= your max loss if LVS closes above 50.00
Your max gain would also be .50 if it closes below 49.00
Break even price on expiration is 49.50. Anything below that and you will make some money.
Sell a bear vertical call spread.
Buy the 50 call at 2.62
Sell the 49 call at 3.15
this credits your account .53= max gain on the trade
Max loss would be .49 if it closes above 50.00
Breakeven stock price is 49.53
Hopes this helps,
zilla
AI
