30/03/2010

Market Price of LVS = $21.21

STO LVS Jun $16 Put @2.43 , Nett Premium = $15,954.56 (Open 66lot, 10Feb10- )

STO LVS Jun $15 Put @1.95 , Nett Premium = $961.98 (Open 5lot, 10Feb10- )

STO LVS May $17 Put @0.44, Nett Premium = $4,222.68 (Open 129lot, 24Mar10- )

Buy to open, AMD shares @9.18
800 shares
Comissions= ($9.25)
Fees= ($0.70)
Nett Amount Received/Paid = ($7,353.95)

Sell to open, AMD May $10 Call @0.30
8 contracts
Comissions= ($12.04)
Fees= ($1.01)
Nett Premium Received/Paid = $226.95

25/03/2010 - Withdrawals

24/03/2010 Value
SGD Capital $74,000 (Nov 23, 2009)
Convert to USD in Trading Acct $53,333.36

E.O.D Acct Value: USD $58,808.40
Cash in Acct: USD $68,612.40
Total Nett Premium Received: USD $32,989.04
Total Nett Interest/Dividend Received: USD $1.62
Total Amt Withdrawn (incl.Fees): USD $17,710
Avg Cashflow for 4mths: USD $4,427.50/mth

Withdrawal Order Placed 25/03/2010 (incl.Fees): USD $4030
Will be in Singapore Bank Acct on 26/03/2010(SG)

25/03/2010 - Current Positions

Market Price of LVS = $20.93

STO LVS Jun $16 Put @2.43 , Nett Premium = $15,954.56 (Open 66lot, 10Feb10- )

STO LVS Jun $15 Put @1.95 , Nett Premium = $961.98 (Open 5lot, 10Feb10- )

STO LVS May $17 Put @0.44, Nett Premium = $4,222.68 (Open 129lot, 24Mar10- )

25/03/2010 - Thoughts

LVS April Put has left abt 24days to expiry, market valued at 0.09 so waiting for 24days to make 0.09 dosent make sense to me, also Time value for May Put is quite high, taking into account the strength of LVS above $19.82 , the optimism of the market towards the opening of Singapore's Marina Casino, i decided to Roll over to May's Put position.

Expecting a retracement soon as Dow is pushing close to 11k points.

24/03/2010

Market Price of LVS = $21.90

STO LVS Jun $16 Put @2.43 , Nett Premium = $15,954.56 (Open 66lot, 10Feb10- )

STO LVS Jun $15 Put @1.95 , Nett Premium = $961.98 (Open 5lot, 10Feb10- )

STO LVS Apr $17 Put @0.45, Nett Premium = -$222.94 (Rolled 125lot, 09Mar10-24Mar10)
Buy to close, LVS Apr $17 Put @0.09
125contracts
Comissions= ($145.31)
Fees= ($12.31)
Nett Premium Received/Paid = ($1,282.62)

Sell to open, LVS May10 $17 Put @0.44
129contracts
Comissions= ($157.35)
Fees= ($13.35)
Nett Premium Received/Paid = $5,505.30

16/03/2010 - Thoughts

LVS retraced on Monday U.S time due to the awaiting of Fed's meeting results on Tuesday.

On Tuesday, after Fed's meeting to maintain the low interests rates, optimisim from investors/institution is on an upbeat.

LVS went up to Day High of 20.11 & closed at $20.06. After Trading hours, last transacted at $20.25 . I'm looking forward to another 2-3 days of uptrend/consolidation for LVS to form a new support at $19.12 . If this happens, it'll add onto my advantage for Apr expiry as Volatility against me, Time Value & Intrinsic Value reduces.

Looking forward to a smooth APR expiry.

11/03/2010 - Withdrawals

10/03/2010 Value
SGD Capital $74,000 (Nov 23, 2009)
Convert to USD in Trading Acct $53,333.36

E.O.D Acct Value: USD $58,805.72
Cash in Acct: USD $68,339.72
Total Nett Premium Received: USD $28,766.36
Total Nett Interest/Dividend Received: USD $1.62
Total Amt Withdrawn (incl.Fees): USD $13,760
Avg Cashflow for 3mths: USD $4,586.66/mth

Withdrawal Order Placed 11/03/2010 (incl.Fees): USD $3950
Will be in Singapore Bank Acct on 12/03/2010(SG)

09/03/2010 - Current Positions

Market Price of LVS = $18.85

STO LVS Jun $16 Put @2.43 , Nett Premium = $15,954.56 (Open 66lot, 10Feb10- )

STO LVS Jun $15 Put @1.95 , Nett Premium = $961.98 (Open 5lot, 10Feb10- )

STO LVS Apr $17 Put @0.45, Nett Premium = $1,059.68 (Open 125lot, 09Mar10- )

09/03/2010

Market Price of LVS = $18.85

STO LVS Jun $16 Put @2.43 , Nett Premium = $15,954.56 (Open 66lot, 10Feb10- )

STO LVS Jun $15 Put @1.95 , Nett Premium = $961.98 (Open 5lot, 10Feb10- )

STO LVS Jun $13 Put @1.20 , Nett Premium = $4,173.82 (Roll 50lot, 10Feb10-09Mar10)
Buy to close, LVS Jun10 $13 Put @0.34
50contracts
Comissions= ($58.12)
Fees= ($4.93)
Nett Premium Received/Paid = ($1,763.05)

Sell to open, LVS Apr10 $17 Put @0.45
50contracts
Comissions= ($58.12)
Fees= ($4.96)
Nett Premium Received/Paid = $2,186.92

STO LVS Jun $13 Put @0.67 , Nett Premium = $1,741.22 (Roll 75lot, 26Feb10-09Mar10)
Buy to close, LVS Jun10 $13 Put @0.34
75contracts
Comissions= ($87.19)
Fees= ($7.38)
Nett Premium Received/Paid = ($2,644.57)

Sell to open, LVS Apr10 $17 Put @0.45
75contracts
Comissions= ($87.19)
Fees= ($7.43)
Nett Premium Received/Paid = $3,280.38

08/03/2010 - Thoughts

LVS is moving on track, as at now last done is $18.50 , looking at possible modification to my position to my advantage of earlier expiry at minimum risk, also if there's additional benefits to consider.

Rolling of JUN $13 Strike to APR $17 Strike is on my mind, i would be able to add additional abt $2k to my acct by doing so. Risk of raising my strike to closer to current market price, reducing my current margin that if LVS market value lowers, i would have a higher & faster chance of hitting a margin call (hmm, dun want to disappoint those who are looking forward to my margin call, lol).

Charts indicated a recent day high of $19.12, recent high closing of $18.65. Current price is getting close to them, preparing a possible retracement when reached. Due to the upcoming opening of Singapore's Marina Bay Sands Resort & the given news from Las Vegas stating that Marina Bay's performance is expected to be comparable to Macau, has brought market sentiments up. This would be to my advantage till the opening, so considering the APR expiry to be on 17/04/2010 & the opening to be on 27/04/2010. Its a high chance that i'll attempt to Roll my position to take advantage.

Looking to Roll nearing end of this week.

01/03/2010

Interests Received: $0.92