– SOLD STRANGLE WYNN 100 JAN 15 150/140 CALL/PUT @1.20
The crazy WYNN strangle! Expire biotch!
We are hoping this trade will expire worthless. Meaning that if the stock price stays between 140-150 then it will expire and all the profits are kept. Usually on a strangle play we will put it on for a much longer duration, maybe 40-50 days and try and capture 30-40% profit within 20 days.
After being tested on the upper leg and around 51 she fell back to it’s regular trading range for a full expire. %100 profit! Ricky got scared and pulled it off for a scratch.
DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!