Doji Doji Panic

Licia Leslie

Licia Leslie

Licia Leslie

Hi Shoppers,

Looks like a doji formed yesterday in Las Vegas Sands (Ticker: LVS):

LVS also looks to have a double top formation which can signal a reversal in trend.

The stock has had a nice rally since October 24th when it traded a low of $33.38.

If the stock opens and trades lower today, I will be a buyer of the Dec09 44.50 puts:

I think LVS can trade back down to $42.25 and possibly $40.60.

Thanks for Reading … See You Next Tuesday.

Licia Leslie

Licia Leslie

Licia Leslie

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About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

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