Replies to post #762 on Wynn Resorts Ltd (WYNN)

[Porgie Tirebiter]

You got the big gap down and that's what made the volatility spike (ie; puts got expensive).

So even though share price dropping lower would seem to make the puts more valuable, the drop in Implied Volatility actually has more power than the share price movement does.

[dealerschool2006]

I doubt we have seen the bottom...SW is the genius behind the company, if he gets fired by BOD the company is done...WYNN...