Wynn (WYNN) Offering Possible 19.9% Return Over the Next 13 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $175.00 short put and a strike $165.00 long put offers a potential 19.9% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $175.00 by expiration. The full premium credit of $1.66 would be kept by the premium seller. The risk of $8.34 would be incurred if the stock dropped below the $165.00 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 41.84 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

WYNN SHAREHOLDER ALERT: The Law Offices of Vincent Wong Reminds Investors of a Class Action Involving Wynn Resorts, Limited and a Lead Plaintiff Deadline of April 23, 2018
Thu, 05 Apr 2018 21:05:00 +0000
NEW YORK, NY / ACCESSWIRE / April 5, 2018 / The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Southern District of New …

SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against Wynn Resorts, Limited (WYNN) & Lead Plaintiff Deadline: April 23, 2018
Thu, 05 Apr 2018 14:12:00 +0000
NEW YORK, NY / ACCESSWIRE / April 5, 2018 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Wynn Resorts, Limited (“Wynn” or the “Company”) …

With Steve Wynn Out, Galaxy Steps In at Wynn Resorts
Wed, 04 Apr 2018 23:03:00 +0000
A new investor could have big plans for the world-class resort operator.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Wynn Resorts Limited of Class Action Lawsuit and Upcoming Deadline – WYNN
Wed, 04 Apr 2018 20:15:00 +0000
NEW YORK, NY / ACCESSWIRE / April 4, 2018 / Pomerantz LLP announces that a class action lawsuit has been filed against Wynn Resorts Limited (”Wynn Resorts” or the ”Company”) (NASDAQ: WYNN) and certain …

EQUITY ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Wynn Resorts, Limited of a Class Action Lawsuit and a Lead Plaintiff Deadline of April 23, 2018 – WYNN
Wed, 04 Apr 2018 20:01:00 +0000
NEW YORK, NY / ACCESSWIRE / April 4, 2018 / The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Wynn Resorts, …

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