Wynn Offering Possible 29.7% Return Over the Next 32 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $217.00 short put and a strike $207.00 long put offers a potential 29.7% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $217.00 by expiration. The full premium credit of $2.29 would be kept by the premium seller. The risk of $7.71 would be incurred if the stock dropped below the $207.00 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 71.14 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

More Room for Growth in Macau?
Sat, 15 Feb 2014 12:04:00 GMT

Macau Gaming: Mass Market's Revenue Split Improved To 40% In January
Wed, 12 Feb 2014 18:08:00 GMT

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Tue, 11 Feb 2014 15:15:00 GMT

Why Can Macau Gaming Double In The Next Five Years?
Tue, 11 Feb 2014 15:03:00 GMT

Casino owners battle over online gambling
Tue, 11 Feb 2014 11:10:07 GMT
Financial Times – A debate over the future of internet gambling has created a rift among US casino industry titans, pitting advocates of expansion such as Jim Murran, chief executive of MGM Resorts, against billionaire …

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