ALTB – Closed WYNN Put Back Ratio JUL7 127/136
WYNN is pulling back towards the Valley of Death region with little time left before expiration. We have stopped this trade out to avoid further risk.
ALTB – Closed WYNN Iron Condor – MAR17 82.50/87.50/110/115 (hit early profit target)
Time erosion, a steady run down the middle of our strikes and a little drop in IV came together to give us an early exit on this trade.
ALTB – Open WYNN Iron Condor – MAR17 82.50/87.50/110/115
WYNN is maintaining
ATA – Closed WYNN Dual Calendar DEC9/DEC16 96/101
Don’t poke the Sleeping Tiger. Out of the blue
ATA – Open WYNN Dual Calendar DEC9/DEC16 96/101
WYNN is trading roughly sideways and at a very low IV relative to its own range. We are combining this with an increasing IV effect caused by the upcoming rate increase to create a very short term dual calendar trade.
ALTB Session 15 SEP 2016 – Replay and Notes
In today’s session, we explored a list of possible trade targets and talked about how stocks are either dragged along by market movements or act independently. Our goal was to find some targets that were moving independently of the broad market for use in potential trades. We executed trades in WYNN and ORCL during the session.