Option Investor

Option Writer Portfolio - July

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Risk Management

I just want to send out a quick note to start closing out positions like the WYNN 120 Calls at $0.05. Other possible closes are the MOS 110 Puts and the COH June 37.5 Calls at $0.05. While the later aren't offered at a nickle we can begin by attempting to buy the options back at that price in order to free up margin.

WYNN - We may need to sell the June 85 Puts.

USB - This stock is channelling between 30 and 35. it might work well as a July position.

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