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Friday, May 2, 2008

WYNN options - 77% within 2 hours


As the earning results was supposed to be announced after market close yesterday, I entered into trading the options of Wynn (yup, the casino operator).

I entered a bit earlier for this gapping trade, but I also placed a Sell Limit (if it happened to hit it before market close). The Sell Limit was executed before market closed.

WYNN 120 Call - Bought @ 0.90, Sold @ predetermined limit 1.60 (77% within 2 hours)

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