Here is a quick recap of all of the trades that we initiated, closed, managed, expired and considered (Name That Trades) in the week that was August 4th – August 8th:
Continue readingWYNN
Last month we pressed our bearish view on WYNN playing for a break of technical support at $200 and the eventual break of its 200 day moving average for the first time since late 2012. …
Continue reading
A few weeks ago we went back to the well in WYNN looking to play for a breakdown below $200 in the stock. Into its recent earnings report the stock bounced from our entry and …
Continue reading
We put on a new trade structure in WYNN on Monday as the stock’s trading range continues to narrow over the past few months: This was the structure: [hr] Previous Post June …
Continue reading
We discussed the strength in large-cap technology in today’s MorningWord: Interestingly, tech has been the strongest sector among the mega cap stocks reporting earnings so far, while industrials and consumer staples stalwarts have struggled after their …
Continue reading
In late May, when WYNN was trading at the exact same levels it is today, we laid out our bearish thesis for the stock and executed an options trade that looked to help finance owning puts …
Continue reading
Back on May 20th we initiated a bearish put calendar in WYNN (see below), short June and long July. Since then the stock is in the exact same spot it was then, after first rallying …
Continue reading
WYNN stock is down slightly today and is once again flirting with an increasingly important technical level at $200. We remain long the June/July put calendar spread which we placed (on May 20th/ below) with the …
Continue reading
The gaming stocks are down today on disappointing saless for the month of May in Macau. About 2 weeks ago (below) we initiated a mildly bearish structure that looked to take advantage of support in …
Continue reading
Back in late February when WFM was trading $53.45 I highlighted the chart (here) as the first installment in our continuing technical analysis series, “Triangle’s of Death”. Back in February the chart was forming a …
Continue reading