Stock / Symbol: [private_monthly]Las Vegas Sands / LVS[/private_monthly]
Option Strategy: calendar call spread
Price at time of trade entry: $50.81
Price at Dec 22 adjustment: $47.39
Price at this adjustment: $48.32
Adjustment: We were filled this morning on our sale of the Feb 52.50 call @ $0.85, bringing our cost basis down to $1.56 per contract. Max profit is 47% with [private_monthly]LVS[/private_monthly] closing at $52.50 on February 18th.
Current Position:[private_monthly]
Long 2 LVS Mar 52.5 Calls
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Trade Details:[private_monthly]
STO -2 LVS Feb 52.5 Calls @ $0.85
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Max Risk: $312 (adjusted, was originally $636)
Max Reward: $149 (at Feb expiration)
Max Called Return: 47%
Uncalled Return: 35%
Profit Range: $49.10 - $56.65 ( at Feb expiration)
Max Profit at: $52.50
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