Filled at $.74 on WYNN 14 DEC 109/111 Bear Call Spread while underlying was $107.03
Wynn Resorts Ltd (WYNN) is one of the weakest stocks with strong downside momentum and is showing signs that it may continue to balance for awhile below its 50-day and/or continue to move lower. Let’s initiate a Bear Call Spread.
Ticker Symbol: WYNN
Expiration: December 14, 2018
Initiate Bear Call Spread
Sell to Open the 109 Call
Buy to Open the 111 Call
Midprice is trading at/near $.74 at this time. Let’s look for a CREDIT of between $.70 and $.80 TODAY ONLY.