Wynn (WYNN) Offering Possible 11.61% Return Over the Next 6 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $167.50 short put and a strike $162.50 long put offers a potential 11.61% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $167.50 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock dropped below the $162.50 long put 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 up which suggests that the medium-term momentum for Wynn is bullish.

The RSI indicator is at 45.14 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

What Steve Wynn's Resignation Means For Wynn Macau, Wynn Resorts
Fri, 09 Feb 2018 07:35:00 +0000
Founder’s exit doesn’t end the story for Wynn Macau and especially Wynn Resorts.

[$$] No-Wynn Situation Looks a No-Win for Investors
Fri, 09 Feb 2018 06:15:57 +0000
For the moment, investors seem to be hoping things will soon go back to normal at Wynn Resorts following Steve Wynn’s departure as chief executive. But many uncertainties remain.

Levi & Korsinsky, LLP Launches an Investigation into Wynn Resorts, Limited in Connection with Reports of Sexual Misconduct by the CEO — WYNN
Thu, 08 Feb 2018 21:53:00 +0000
NEW YORK, NY / ACCESSWIRE / February 8, 2018 / Levi & Korsinsky announces it has commenced an investigation of Wynn Resorts, Limited (NASDAQ: WYNN) concerning possible violations of federal securities …

INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Wynn Resorts, Limited
Thu, 08 Feb 2018 21:20:00 +0000
LOS ANGELES, CA / ACCESSWIRE / February 8, 2018 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Wynn Resorts, …

Here’s what the 30 companies that make up the Dow industrials are doing to address sexual-harassment claims
Thu, 08 Feb 2018 20:06:49 +0000
For most Dow companies, mum’s the word.

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