Wynn (WYNN) Offering Possible 39.66% Return Over the Next 28 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $177.50 short call and a strike $182.50 long call offers a potential 39.66% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $177.50 by expiration. The full premium credit of $1.42 would be kept by the premium seller. The risk of $3.58 would be incurred if the stock rose above the $182.50 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 25.25 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

Wynn Resorts' New CEO Faces Test With $2.5 Billion Boston Project
Wed, 20 Jun 2018 12:02:00 +0000
It won't be easy to open Wynn's next resort, but the payoff could be worth it.

Casino Stocks Wynn, Las Vegas Sands Fall On Potential Threat To Macau
Tue, 19 Jun 2018 20:04:08 +0000
News about potential "cashless casinos" on the Chinese resort island of Hainan appears to be pressuring Macau-exposed casino stocks like Wynn Resorts, Las Vegas Sands and MGM Resorts.

3 Stocks to Buy on Weakness
Tue, 19 Jun 2018 12:48:00 +0000
The key to making money by buying stocks low is finding good companies in high-growth sectors whose shares have dropped because of temporary factors. In other words, investors, particularly longer-term investors, should try to find stocks to buy on weakness that will probably prove to be temporary.

[$$] Misfires Mark Wynn Resorts' Probe of Sexual Harassment Allegations
Sun, 17 Jun 2018 15:07:23 +0000
, is a longtime friend of Mr. Wynn, and critics including three proxy-advisory firms had argued for weeks he wasn’t the right person for the oversight role. Mr. Hagenbuch’s three-month-long tenure in that role marked one of several misfires in the investigation, which began after The Wall Street Journal reported the allegations in January, leading to Mr. Wynn’s departure as CEO and as largest shareholder. Among concerns about the investigation described by some of the alleged victims and some former employees: Investigators told them their names would be revealed to the board members leading the probe.

Wynn Resorts and other US companies could get hit in a US-China trade war
Fri, 15 Jun 2018 20:09:00 +0000
Increased trade tensions with China will likely affect semiconductor stocks and two casino and hotel operators the most, according to Morgan Stanley analysis of companies most dependent on China for revenue.

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