Cabot Options Institute Earnings Trader – Alert (WYNN)
Wynn Resorts (WYNN)
I will be exiting the Wynn Resorts (WYNN) trade today. I will discuss the trade in greater detail in our upcoming weekly issue.
Here is the trade:
Simultaneously:
Buy to close WYNN November 17, 2023, 100 calls
Sell to close WYNN November 17, 2023, 105 calls
Buy to close WYNN November 17, 2023, 84 puts
Sell to close WYNN November 17, 2023, 79 puts for roughly $1.50 per iron condor.
If you are having issues exiting the trade, you can always exit the tested side of the iron condor first, followed by the untested side. Also, if you choose to hold the trade to seek a greater profit, please be aware of the risks.
As always, if you have any questions, please do not hesitate to email me at andy@cabotwealth.com.