OC, LVS reviewed from Sep 28 posting

Let's see if we buy my candidates on Sep 29. We buy OC Nov 22.5 call $$2.00/contract and LVS Nov 18 call @ $2.00/contract.
The stop loss is set on 70% loss, so we will get out if loss reach $1.4/contract. Big stop loss for anticipating price swing dan can kill our position and reverse back the next day/hours. Because of that, for one position we should only put maximum 4% of our capital. So the maximum loss for each position will be 70% X 4% = 2.8% from our capital.

I use thinkback feature from my favourite brokerage, Thinkorswim, to track historical price.

For Oct 8, I use live price when writing this post, so the price can be a little different.

Buy on Sep 29, sell on Oct 8.

The calculation as per below :





Not a bad profit for 8 trading days only.

Best regards

Snip