Definitely let this one get away from me. While the overall market was weak, the stock ripped on good Macau numbers.
I’m going to bail here for a small loss and stalk it to the long side.
Because we have a combination of a bear put spread and a bull put spread, we’re going to use a put condor order to close the trade.
|IWO Premium Order Ticket|
|STC||WYNN||21 Oct 16||95||Put|
|BTC||WYNN||21 Oct 16||90||Put|
|BTC||WYNN||21 Oct 16||80||Put|
|STC||WYNN||21 Oct 16||75||Put|