Wynn (WYNN) Offering Possible 19.19% Return Over the Next 19 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $210.00 short put and a strike $200.00 long put offers a potential 19.19% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $210.00 by expiration. The full premium credit of $1.61 would be kept by the premium seller. The risk of $8.39 would be incurred if the stock dropped below the $200.00 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 67.22 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

Macau Drops As May Disappoints; China Macro, Smoking Ban
Tue, 03 Jun 2014 11:38:00 GMT

The Zacks Analyst Blog Highlights: Wynn Resorts, MGM Resorts International, Melco Crown Entertainment, Iao Kun Group Holding and Wells Fargo
Tue, 03 Jun 2014 11:30:11 GMT

Gambling Stock Roundup: Wynn Resorts, MGM & Melco Crown Eye Japan
Mon, 02 Jun 2014 16:41:41 GMT

Las Vegas Sands
Fri, 30 May 2014 22:48:00 GMT

Japan's Prime Minister Backs Legalizing Casinos
Fri, 30 May 2014 17:39:00 GMT

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