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.
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