This will be a short post as I am on my way out the door to class. Today I bought 1 LVS May $24 Call and 1 PALM May $4 Put. The PALM put was only .16. With PALM offering itself up for sale, the price has been bid up to around $6. Analysts estimate that PALM is only worth about 3-$4 per share. Once this is realized by the street, or bids come in in that area, the price will drop off. LVS closed just above its open and is currently down another .17 in after hours. Have a stop loss set on this one, we'll see how it performs tomorrow.
If you bought some DWA calls you are very happy right now and I only expect you to become more happy throughout the week :)
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