LVS and DIS

I’ve received a few email regarding DIS and LVS this morning.  You may have noticed significant price movements from the close of the day yesterday.  This is due to sizable dividend payouts by both companies.  LVS payout is 2.75 and the strike prices on the options has been adjusted accordingly.  What was a 47 put strike is now a 44.25 put strike.  The strike prices on DIS were not adjusted.

These dividend payouts are not new news as of this morning.  I made both trades knowing of the payouts but also being slightly bearish on the stocks due to the payouts.  I continue to hold both trades being down about .30 on LVS and flat on DIS.

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Posted on December 6, 2012, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

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