Wynn (WYNN) Offering Possible 12.36% 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 $125.00 short put and a strike $120.00 long put offers a potential 12.36% 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 $125.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $120.00 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 67.89 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

[$$] High-Rollers Cool Bets as Chinese Economy Slows
Fri, 08 Feb 2019 10:30:26 +0000
A run of good fortune for the world’s top casino operators is coming to a halt as high-rollers feel the pinch from China’s economic slowdown. Industry analysts are bearish on prospects for casinos in Macau, the southern Chinese territory that is the world’s largest gambling hub. Sluggish Chinese economic growth and overhanging trade tensions with the U.S. have led wealthy gamblers who make up more than half of Macau’s wagers to moderate their betting habits.

Why Wynn Resorts Shares Surged 24.4% in January
Thu, 07 Feb 2019 17:16:00 +0000
Macau's Cotai Strip is where the real action is for the casino giant.

Trader bets $3.5 million that Wynn could soar another 16% by spring
Wed, 06 Feb 2019 17:53:13 +0000
Wynn Resorts has been a big winner in the recent market rally. Wynn calls traded at six times their average daily volume on Tuesday, highlighting a surge in positive sentiment around a company that was mired in scandal for much of 2018. One trader in particular seems to think Wynn is headed for a huge breakout, as broken down by RiskReversal.com's Dan Nathan.

Wynn Resorts Settles With Nevada, and Awaits Its Fate in Massachusetts
Tue, 05 Feb 2019 14:32:00 +0000
The casino operator's legal problems may clear up in time to offset its decline in Macau.

It's a Tale of Two Casino for Wynn Resorts in Macau
Mon, 04 Feb 2019 21:45:00 +0000
Cotai is going great for Wynn Resorts, but the Macau Peninsula is another story.

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