Wynn (WYNN) Offering Possible 20.48% Return Over the Next 10 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 20.48% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $75.00 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 61.24 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 Resorts Announces First Quarter Earnings Release Date
Fri, 01 May 2020 22:23:00 +0000
Wynn Resorts, Limited (NASDAQ: WYNN) announced today that it will release the Company’s financial results for the first quarter ended March 31, 2020 after the market close on Wednesday, May 6, 2020, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET).

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Fri, 01 May 2020 19:18:00 +0000
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'I won't be alive to work' -Las Vegas union wants sick leave, quarantine pay
Fri, 01 May 2020 10:00:00 +0000
The winking airport slot machines that tell visitors they have arrived in Nevada's Sin City are turned off and wrapped in police tape; the famed Las Vegas Strip is so empty a group of bicyclists zooms down the middle on a Friday night. Shutting down the businesses that make Las Vegas a multibillion-dollar gambling and entertainment hub has dealt a crushing blow to the state and idled tens of thousands of workers. Instead the union, which is influential with Democratic politicians who lead the swing state, is negotiating hard for safety measures and paid leave for workers sidelined by the virus.

RPT-FOCUS-Pandemic-hit Macau casinos look to play the long game with cash pile
Fri, 01 May 2020 00:00:00 +0000
Light on debt and cash rich, Macau's Galaxy Entertainment is bleeding $3 million daily in operating cost as the coronavirus crisis upends its casino business. Having enjoyed robust earnings growth in recent years, thanks to insatiable gaming demand from mainland Chinese, the balance sheets of Macau's casino operators stand tall over those in Las Vegas, which are saddled with much higher debt. A Reuters calculation shows the Macau casino operators came into 2020 with a cumulative cash position of just over $12 billion, providing a solid buffer to tide over the lean times.

Trump plans Arizona, Ohio trips as he sets sights on resuming ‘massive’ presidential campaign rallies
Thu, 30 Apr 2020 19:24:00 +0000
President Donald Trump will leave Washington next week for a trip to Arizona, getting out of the White House and back on the road as states ease coronavirus lockdowns and polls reportedly show his support dwindling in battleground states.

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