Friday, March 16, 2012

winning with $WYNN trade


01/17: Sold to open Mar $WYNN iron condor 105/100 - 130/135.
I did this 9x and took in net Credit of 1978.99
03/16: Bought to close 130 short call leg for .05 (-57.72). This will essentially close the position since
all the other legs will expire worthless today.


NOTE: here again I practiced what i preach... it's ok for a leg on your short spreads to be
breached AS LONG AS your thesis still intact.
Early mar Wynn ran up +breached my 130 short call leg but held it since
I still believed wynn is a short at 130



$AAPL $SPX $NDX $RUT $C $GS $wynn