WYNN new bullish trade, Jan/03/2012

I like the upside for WYNN but am also skeptical that it can chop in this range for a while so went for a skewed covered call in this case. Trade below.

Wynn Resorts, Limited (WYNN) covered call skewed:  
Buy 100X stock (at $119.7) 
Sell 1X $120 jan12 weekly call (credit $1.6) 
Sell 1X $125 Jan month call (credit $0.6)




*Please do your own research before buying any stock listed here. Disclaimer.
>> Subscribe to our posts.