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| WYNN Daily chart |
Wynn Resorts, Limited (NASDAQ:WYNN) credit vertical:
Sell $125 April monthly call
Buy $130 April monthly put
(Credit $0.80)
*Please do your own research before buying any stock listed here. Disclaimer.
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Monday, April 8, 2013
WYNN new trade, fade the rally, Apr/08/2013
WYNN (@ $122.11) is in our custom radar for the short side today (not for intra day trading, but for the next few days or weeks). I am not interested in shorting it aggressively on the face of this strong rally in the stock. My first trade is to take the use of increased volatility in WYNN and selling a credit spread for higher strikes. My trade below. I will probably get a put butterfly 125/115/105 (or something similar) for the monthly expiry as well. Let's see!
Wynn Resorts, Limited (NASDAQ:WYNN) credit vertical:
Sell $125 April monthly call
Buy $130 April monthly put
(Credit $0.80)
*Please do your own research before buying any stock listed here. Disclaimer.
>> Subscribe to our posts.
Wynn Resorts, Limited (NASDAQ:WYNN) credit vertical:
Sell $125 April monthly call
Buy $130 April monthly put
(Credit $0.80)
*Please do your own research before buying any stock listed here. Disclaimer.
>> Subscribe to our posts.
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