#philosophy question WYNN
I am wondering what the gang thinks of this situation;
August 8 I was assigned 100 shares of WYNN at 165 from a put spread. My cost basis is 141, the price of the stock is 116 right now. I’ve been selling covered calls and will be at it awhile unless..
Does it make sense to sell the shares and free up the capital? I could sell puts to work back to even, same risk profile but only need about $2,000 in margin.
Earnings are soon as is a .75 dividend so wouldn’t do anything right away.
#earnings #shortstrangles AA
sold Nov. 16, 32/41 strangle for 1.05
Sold short 100 shares at 44.19. KBE is a regional bank ETF. There is no commission but if I don’t hold the position for 30 days I will be charged 13.90, I’m with TDA.
#earnings #ironcondor NFLX
Sold Nov. 16, 265/270/400/405 for 1.01, it was either that or the short straddle for $4,375 heh heh
@ramie77-a good day for your ANET trades
#shortcalls #closing UVXY
October 12, followed Jeff and sold a Jan. 95 call for 7.45, bought today on the market rally for 4.64. Thanks Jeff.
#earnings #shortstraddle CREE
Sold Nov. 15, 35 straddle for 4.49.