5 oct - Options action revisiting this trade. que the graphics, big smiles, and music. now que up the misleading and inaccurate statements..what do they think this is .. the Obama campaign?? heres the video clip
LVS clip . "i need more cash" is the weak catch phrase for this segment. "
let's find a way to get even more money out of it. last week khouw and carter found a way" melissa lee says. must be some fancy options adjustment strategy coming up. never let the facts get in the way of some good tv.. some very generous prices are thrown out there with melissa saying the options could be sold today for 2.30.. very generous, lets see the high/low for that option per ameritrade was 1.82/2.40 with a closing bid/ask of 1.92/1.95..so we will just slip in a price at near the high of the day and run with it for the show, makes the averages look better. remember i said previously that just because a trade is featured on air it doesnt mean they have skin in the game. carter recommends take profits and mike is "inclined to agree" and makes some logical reasoning and will "take the money and run" .. not exactly a resounding statement to make me think it was more than a paper trade..something more to my liking would have been "i took profits today", or "we closed it out".. so where was that "i need more cash" portion of this segment...you know the khouw and carter found a way to make more cash lead-in. overpromise underdeliver.. since there was no tweet about this trade being closed out i will credit him a closing price on the trade at 1.95. Still a winner, but im skeptical. see all of mikes on air trades in this google docs spreadsheet
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5 oct - have to make a decision soon if you followed into this trade.. its up about 60 cents so far with stock at 45.70ish with 2weeks to go before opex. so if looking to "spread it out" , you need to do so quickly before that time decay takes all the premium out of it.
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24 aug - mike has a trade on options action this week on LVS, here is the video clip
LVS clip . i dont like this space first off so i would not be following this trade.
Buy the Oct 44 call for $1.65
as usual , carter worth brings a multiyear chart to the show.. i disagree with it as usual. in general the further back in time you go the less relevant levels become.. this level that carter points out didnt mean much on way up to 62.. didnt mean much on way down to 35.. so i consider that level irrelevant because of whats happened since 2011..if it had not gone to 60 and just hit 50 again and sold off then maybe it makes sense.. im guessing that all those 50 level buyers from 2011 are long gone either took profits near 60 or stopped out since then.. regardless.. mike doing a straight up call purchase. mike makes it clear that he will "spread it out" by selling an upside call if the stock moves up . dont look for Options Action to tell you that though. mike has not had a good track record doing just straight up call purchases if you held all the way to opex, see all of mikes on-air trades in this
google docs spreadsheet
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