LVS hit our radar for a Spencer (my trading partner) 2nd Day play. There was not much a news catalyst in LVS, but yesterday it traded a higher RVOL, finished near the bottom of its range, and traded significantly weaker than the market. We walk onto our trading floor today wondering if there will be follow through or a bounce … Read More
How We Found an Important Level (LVS)
We have identified 47.50 as an important level in LVS. Yesterday it leaked below this level and had a serious intraday downmove. Chop! SuperChop? Today 47.50 was again an important level. How did we find this level? On December 2 there was this news from briefing.com: Las Vegas Sands in 8-K filing discloses that Sands China’s application for a land … Read More
Traders Ask: What Was Your Thought Process In LVS?
Hi Steve, I am interested in learning your thought process behind trading LVS on 12/02. Do you mind writing a post on it? Thanks, AZ Here you go: Before I break down the various trades that I thought offered good risk/reward on December 2nd for LVS I would like to discuss December 1st. LVS gapped higher on 12/1 with the … Read More