LVS is trading down 9.3% at $21.20 ahead of earnings tonight. The sell-off is brutal today, but I am taking advantage of sharply elevated volatility and selling the following bull put spread ahead of earnings:- Buy to open May $17 puts
- Sell to open May $18 puts
Just filled the order for $0.20 net credit. The stock will have to fall another 15% by May expiration before the bull put spread gets in-the-money.
Good luck!
