2024-06-08

LVS - Covered Call - Update 2024-06-08 - Closed

Trade Update

On Friday the same story did almost repeat itself. At lunch time the I checked the trade and LVS was trading at around $45.50. With that price I will clearly get called out. If I buy back my short call, I have to pay at least 50 cents. I reminded my self, the goal of the plan is to get called out. 
My trading rule #1 is:

Plan the trade and trade the plan.

My trading rule #2 is, 

If ever in doubt follow rule #1

Shortly before market closing LVS was back to $45.05. Market closing price was $45.02. Now after market is considered as well. Literally it finished at $45.01 at the closing of after market. With that I am getting called out. 

The full numbers:
Invested: $4,446
return on call 1 : $45
return on call 2 : $68
capital gain on LVS: $54
Total return: $168
RoI: $167 or 3.7%
Duration of the trade: 2 weeks.

Of to the next trade.

 

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