Trade Update Oct 24th, 2012 at 1:15pm: With When I first bought the WYNN Oct / Nov 105 put calendar 3 weeks ago, here is what I said in the Trade Rationale: This structure gives me …
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WYNN is in the betting game. It’s one of the largest casino operators in the world, and heavily levered itself in the last bull market, that the stock had a major debt problem when the …
Continue readingTrade Update Feb 3rd, 2012: Stock is down this morning about 4%, reversing yesterday’s late day gains…..Here is a quick round up from some analyst comments this morning following WYNN‘s Q4 results last night: From Citi in a note …
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WYNN ($119) reports their Q4 tonight after the bell. -options market is implying about a 5.25% move which is basically the 4 qtr average for the stock. -WYNN is up about 7.5% ytd, under-performing, LVS which …
Continue readingUpdate Oct 19th 2011: Since putting on the Oct 120/110 Put Spread nearly 2 weeks ago WYNN is practically in the same place, while the spread has lost about 1/2 its value, now with stock …
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Here is a quick preview of what I will be speaking about tonight on Options Action at 5pm on CNBC: WYNN has been particularly volatile of late and fears about China’s economy slowing as the …
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I have tried to stick to my guns (bearish ones), continually poking holes in the the short run bull case for equities but it is becoming increasingly hard in the face of some of the …
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Yesterday, as I pondered the week ahead, I wanted to place a higher priority on corporate earnings as opposed to the theatrics associated with our ineffectual elected officials in Washington and their inability to reach …
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As for yesterday’s rally, I don’t have a ton to add….mildly positive data on the jobs front is being treated as if we just slashed a couple points off of the unemployment rate….well we will …
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From the time I suggested this trade 3 weeks ago, the stock has basically gone from 141.70 down ~9% right back up to 141 current levels…..the spread was working very well and can now be sold for …
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