WYNN February spread stopped out and closed.
Our WYNN Feb 70 Call was STOPPED out at $3.20 and our WYNN Feb 75 call sold for $1.60 for NET DEBIT of $1.60 which officially closes out our WYNN credit spread.
A UBS upgrade and increased revenues from WYNN's Macu Operators (Hong Kong, China)which rose as much as 48% was a little more than we could handle. With over a 9-point move in 2 days, we were forced to exit this position extremely early.
We will report this in our February portfolio, which we will begin posting
as soon as the January positions come off the calender on January the 15th.
Once again,the WYNN credit spread has closed out.