Case study : WYNN Earning announcement by Nonya

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Date : 12th October 2015

Case study : WYNN  Earning announcement  on 15 Oct

 

Sell Naked put. Weekly SP $68 . PITM 13% Premium $37  Expire 16/10/2015

 

Reasons : Low PITM.  Daily and Weekly Candle moving up. This stock has good upside opportunites. Aware it is a volatile stock .

 

Protection action taken OCO AND C PLUS . This means BTC when premium is drop to 0.05 cents.(Take profit before expiry and pay $5 to close)

BTC when price hit SP $68.00.  Will pay 3 times the premium to close as trend was reversed

 

13th Oct Morning.  PITM up 28%.  Report that though Wynn may do well in the 3rd quarter , bear is circulating the stock due to China exposure.  Stock drop 4% due to such report and trading at $71.

 

With this announcement, i plan to rollover to earn more credit and hope it will expire worthless.

 

This requires constant monitoring. However, i was busy that following evening .  Did not have a chance to rollover. Stock price fall below $68 to $66.  C Plus solution was triggered and pay 3 times premium.

 

OCO AND C PLUS INSURANCE TRIGGERED

CONSTANT MONITORING REQUIRED for ROLLOVER ACTION.