My two remaining January positions move into cross-your-fingers territory on Thursday, with two more trading days left.
I expect LVS, the covered call (-c16) to be exercised after expiry, unless it drops 12.7% to below 16. Not likely.
With 36 trading days left for February options, it's time to look for another covered call or two. That would be a good task for a gloomy winter weekend. . . .
The iron condor on KO (p50/-p52.5/-c57.5/c60), discussed earlier today, continues to flirt with the profit upside. It's unlikely that I'll be able to close this position at a reasonable price. The position doesn't start losing money until above 58.40, so I've got about 2.4% of upside cushion before things get ugly.
Econ reports tomorrow, retail sales and jobless claims at 830 ae (530ap), Business inventories at 10ae (7ap), natural gas inventories at 1030ae (730ap).
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Topics: Coca-Cola, soft drinks, Las Vegas Sands, gambling, resort.
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