Home › Forums › Closed Trades › Magnet Trade in WYNN › Reply To: Magnet Trade in WYNN
September 23, 2016 at 10:40 am
#7008
Steven Place
Keymaster
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 | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
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 |
Total Debit: | 1.11 |