Options Playbook Radio 196: Short-Term WYNN Butterfly
Options Playbook Radio · The Options Insider Radio Network
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Show Notes
We are back to the playbook this week and taking a close look at Wynn Resorts. There is a lot of volatility in the stock these days with the CEO in the news quite a bit these days. We are looking at a very short-term butterfly. You can find more on page 104 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition.
Specifically:
- Why a very short-term trade?
- What is the desired outcome?
- What about the stock going ex-dividend?
- Setting up the trade
- Why use puts?
- Selecting strikes
- What is the cost?
- When to get out?
- Looking at net theta versus net delta
Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].