November 5, 2019  Terry’s Tips Trade Alert # 7 – Earnings Eagle  Portfolio   

  

We have become uncomfortably long with the stock now down over $3.50.  We will take off our highest-strike spread:

 

BTC 2 WYNN 8Nov19 135 calls (WYNN191108C135)

STC 2 WYNN 20Dec19 135 calls (WYNN191220C135) for a credit of $1.70 (selling a calendar)

Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

 

Happy trading.

Terry