Who else trades WYNN?

[TheROTrader]

been killing Wynn the past couple weeks, been a pretty easy trade.....anyone else trading it?

 

[limitupmike]

b in low 30's sold 48..then bought 45 puts..out now..waiting to short wynn in the low to mid 50s

atill in my mgm avg 6.34

 

[makloda]

I've been short WYNN the last $10 (to the upside). Gotta love this stock and its squeezes

 

[limitupmike]

lol.. yup i always watch and wait for thi sone to set up...love it!

 

[stock-short3r]

Why would you stay short the last $10. It reminds me of the marketsurfer WFC trade.


Short3r

 

[makloda]

I could well stay short the next $100, I'll just steadily reduce the amount of shares to offset the rise in price. I'm long other stuff against it.

 

[mxjones]

Quote from makloda:

I could well stay short the next $100, I'll just steadily reduce the amount of shares to offset the rise in price. I'm long other stuff against it.

That is a bizarre strategy. But good luck with it.

 

[makloda]

Bizarre? haha How else would you trade a factor-based long/short book?

 

[mxjones]

Quote from makloda:

Bizarre? haha How else would you trade a factor-based long/short book?

No other way. Best of luck.

 

[cashmoney69]

i'm buyin the dips