Wynn (WYNN) Offering Possible 38.89% Return Over the Next 30 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 38.89% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $82.50 long put strike price.

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

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

The RSI indicator is at 67.66 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

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IPO Edge and the Palm Beach Hedge Fund Association hosted a fireside chat with Codere Online and DD3 Acquisition Corp. II (NASDAQ: DDMX) to discuss opportunities in the Latin American online gaming and sports betting market, the benefits of Codere Online’s relationship with Codere Group, and the company’s plans for growth and development following the business combination with […]

How a sportsbook makes Capital One Arena a ‘365-day destination'
Wed, 13 Oct 2021 21:44:06 +0000
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Meet the DraftKings of LatAm: Codere Online, DD3 Acquisition Corp. CEO in Fireside Chat Thursday
Wed, 13 Oct 2021 16:25:35 +0000
IPO Edge and the Palm Beach Hedge Fund Association will host a fireside chat with Codere Online and DD3 Acquisition Corp. II (NASDAQ: DDMX) on Thursday, October 14 at 2pm EDT to discuss opportunities in the Latin American online gaming and sports betting market, the benefits of Codere Online’s relationship with Codere Group, and the company’s plans for […]

Hedge Funds Are Dumping Wynn Resorts, Limited (WYNN)
Tue, 12 Oct 2021 23:31:10 +0000
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 873 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

This casino stock could rip higher: analyst
Tue, 12 Oct 2021 17:25:09 +0000
‘MGM has gone through a transformation,' says Credit Suisse analyst Benjamin Chaikin.

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