7/20 Options Action Web Extra - $LVS

scott doing the options action web extra as usual, tonight answering a viewer email about being down in LVS. heres the video LVS video . that sure is an ugly chart.. viewer seems to want to keep owning the shares but trying to figure out way to recoup some loss.. hence scott suggests the 1x2 call spread.. usually called a ratio spread, backspread, trade repair, CPR. scott suggests the Aug 42/44 ratio spread . so buy one 42, sell two of the 44's.. this gives you double upside up to 44 and just the ratio profits from 42-46.. at same time the stock is gaining. you would want to do one of these for every 100shares you own. scott says you should do this only if long the stock.. true.. but you can also do this if you have an in the money call , such as a LEAP.  good web extra tonight

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