#ShortStrangles – Finally booking the puts and looking to roll the ITM 130 calls. All of the profitable put sales from the last couple months are going towards raising the basis in the short calls. Hoping to turn into a covered call position at some point. WYNN is turning into a #PerpetualRollingStrangles type trade. Been in it over a year now and works great for those.

In spite of the DITM calls it’s still in my top 10 performers for the year… 🙂

Bought to Close WYNN NOV 17 2017 152.5 Puts @ .15 (sold for 8.02 accumulated premium)