Saturday, January 23, 2010

23/01/2010

Market correction continues, Acct Valuation fell. At current LVS $17 strike is in the money as expected, i have 3 choices at hand.

1st: Close the position & realise the loss
2nd: Wait to be exercised at $17 on Feb expiry
3rd: Roll over the current Position to other expiry month

As for other positions, Challenge is current market value for them is too high till i've been issued a Margin Call, i'll take advantage of Time Decay till expiry or as long as possible & monitor along the way till LVS broke $16 to consider closing them.

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