$WYNN $LVS Trading for Short Term Weakness

trade-idea

I entered $WYNN and $LVS puts this morning in anticipation of short term weakness.  Both stock stand at 5 year highs up over 100% from recent lows.

$LVS broke trendline support, $WYNN looks coiled for a move to $235 support.

 

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I alerted both trade via private twitter this morning.   I am weekly LVS puts $84 at $.30 and $86 at $.73   $WYNN puts at $230 at $.20 and $237.5 at .90

Profile photo of uranium-pinto-beansKnown to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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