#CoveredCalls -I’ve been rolling around this short strangle position for months. Finally took the stock at 107 but with an 88 basis for covered calls. Was short 91 strike calls this week planning on rolling the calls up into earnings week. Then…all of a sudden WYNN moved their earnings to yesterday and IV in the short calls jumped. Thanks WYNN…grrr.

Stock jumped on earnings so I sold it at 102.80 while keeping the short calls. Looking now to roll the calls to a new strangle…I think this might be a revenge trade but doing it anyway…LOL