interesting strategy ... insurance approach .... good or bad ...
sell 2 covered calls Sep15 $130 for $6.35
buy 2 puts July 7 , $121 at $2.69 ( insurance )
$127.84 , 05-16-2017
$126.18 , 05-01-2017
$126.70 , 4-26-2017
02-10-2017 broke out and dwindled ... now coming back up
01-27-2017 WYNN breaks out..
WYNN , watched closely for reversal at above ....$83.70
( reversed at $85.57 12-31-2016)
long term target : $150 summer 2017
do not take any actions for now .. just wait on it if you have positions.