Wynn (WYNN) Offering Possible 42.05% Return Over the Next 30 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $108.00 short call and a strike $113.00 long call offers a potential 42.05% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $108.00 by expiration. The full premium credit of $1.48 would be kept by the premium seller. The risk of $3.52 would be incurred if the stock rose above the $113.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Wynn is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Wynn is bearish.

The RSI indicator is at 45.61 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Wynn

Las Vegas Sands Falls on Downgrade by Goldman Sachs – Analyst Blog
Tue, 19 May 2015 16:50:04 GMT

The Zacks Analyst Blog Highlights: Wynn Resorts, Pinnacle Entertainment, MGM Resorts International and Iao Kun Group Holding – Press Releases
Tue, 19 May 2015 13:30:01 GMT

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