WYNN June 115/110 BPS

[BBTrader]

Started position in WYNN with 2 contracts June 115/110 BPS for $1 credit. Next add is 2 contracts at $1.50 credit. Position looks like this:

http://i.imgur.com/ln44qBE.png

[BBTrader]

Added 2 contracts of WYNN June 115/110 BPS for $2 credit and as it kept moving lower I rolled it to September for a $.05 debit. Current position is 4 contracts of WYNN Sept 115/110 BPS. Big earnings miss and dividend cut. Theta decay should hopefully be slowed by going to Sept. Current position looks like:

http://i.imgur.com/Hg2X7mK.png

[BBTrader]

Rolled the Sept 110 long put down to the 105 for $2.48 credit per spread (4 contracts). Position now looks like:

http://i.imgur.com/Px7eHvO.png

[BBTrader]

I rolled the WYNN Sept 115/105 BPS done to the Sept 110/105 BPS for .90 debit. New position looks like:

http://i.imgur.com/bbzSLbD.png

[BBTrader]

CLosed 6 contracts of WYNN June 110/105 for .99 debit. Entered on 4/29 and closed for +7% ROM. Not crazy about WYNN at this point. Position looked like this at close:

http://i.imgur.com/9facybA.png

[BBTrader]

Closed 8 contracts for .99 debit

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