Closing BOTH our TOL and WYNN put positions to lock in profits and free up capital for new plays.
Shares of WYNN shot higher today on news the China’s regulation of Macau may not be as heavy as expected. TOL already moved higher this week on strong housing data.
This positive action allows us to close out both positions early, locking in the majority of potential gains from each trade and freeing up cash that we can use for new opportunities.
- Buy (to close) our TOL January 21st $65 Put
- Limit $0.75 or less
~~~~~~~~~~ - 12:48 Executed
- Bot TOL Jan 21 $65 Put @ $0.73
ALSO
- Buy (to close) our WYNN January 21st $77.50 Put
- Limit $1.15 or less
~~~~~~~~~~ - 12:48 Executed
Bot WYNN Jan $77.50 Put @ $1.09