#ShortStrangles – Just for simplicity and to keep the theta up a little rolling ITM short puts out to where the 130 short calls are sitting.
Rolled WYNN NOV 3 2017 152.5 Puts to NOV 17 2017 152.5 Puts @ .97 credit.
Position is now 152.5/130 inverted strangles @ 19.95. Leaning towards taking the stock at a basis of 132.55 and rolling the 130 calls up and out. Turning it into a covered call play…