Options Playbook Radio 196: Short-Term WYNN Butterfly

We are back to the playbook this week and taking a close look at Wynn Resorts. There is a lot of volatility in the stock these days with the CEO in the news quite a bit these days. We are looking at a very short-term butterfly. You can find more on page 104 of The Options Playbook, which is always available on OptionsPlaybook.com, in on the Amazon Kindle edition. Specifically: Why a very short-term trade? What is the desired outcome? What about the stock going ex-dividend? Setting up the trade Why use puts? Selecting strikes What is the cost? When to get out? Looking at net theta versus net delta Do you have a question that you want answered on a future episode? Send them to Brian at [email protected], or to the Options Insider at [email protected].