Below is a daily chart of Wynn Resorts, Limited (WYNN).
Trade: Consider shorting Dec (12/15) $152.5/147 bull put spread (10 DTE) for current mid-point of $.57/share.
Technical Setup: Bullish Wide Range Bar (+WRB) breakout on daily, bullish weekly and monthly.
Option Strategy: Bull Put Credit Spread (BPS).
Stop Loss: $157.48.
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
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