Wynn (WYNN) Offering Possible 21.36% Return Over the Next 38 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $180.00 short call and a strike $190.00 long call offers a potential 21.36% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $180.00 by expiration. The full premium credit of $1.76 would be kept by the premium seller. The risk of $8.24 would be incurred if the stock rose above the $190.00 long call 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 down which suggests that the medium-term momentum for Wynn is bearish.

The RSI indicator is at 40.61 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

Japan lawmakers say open to limits on casinos in push for bill's passage
Thu, 16 Oct 2014 04:17:17 GMT
Reuters – Japan's pro-casino lawmakers have agreed to consider setting limits on Japanese nationals' entry to casinos, bowing to pressure from opponents who threatened to block a legalisation bill unless it addressed issues such as gambling addiction. Japan's parliament is expected in the coming weeks to discuss legislation that would be an essential first step to unlock a gaming market some analysts say will be worth tens of billions of dollars a year. The revision would boost chances that the bill will be passed this year as proponents hope, although it is not yet clear whether enough anti-casino lawmakers will be persuaded to provide the support it needs in both houses of parliament. “The government, for the purpose of preventing the negative effects of casino facilities by non-foreign visitors, will take necessary measures regarding admittance and capacity…,” said the amended section to the bill, a draft of which was shown to reporters on Thursday.

Las Vegas Sands Raises Dividend As Q3 Earnings Miss
Wed, 15 Oct 2014 20:42:00 GMT

Harvard Business Review Names Steve Wynn Among “The Best-Performing CEOs in the World”
Tue, 14 Oct 2014 21:27:52 GMT
noodls – LAS VEGAS, Oct. 14, 2014 /PRNewswire/ — Wynn Resorts Chairman and CEO, Steve Wynn, was recognized in Harvard Business Review's2014 list of “The Best-Performing CEOs in the World.” Wynn was ranked …

Harvard Business Review Names Steve Wynn Among “The Best-Performing CEOs in the World”
Tue, 14 Oct 2014 20:54:00 GMT
PR Newswire – LAS VEGAS, Oct. 14, 2014 /PRNewswire/ — Wynn Resorts Chairman and CEO, Steve Wynn, was recognized in Harvard Business Review's 2014 list of “The Best-Performing CEOs in the World.” Wynn was …

Las Vegas Sands Earnings Due Amid Intense Headwinds
Tue, 14 Oct 2014 20:17:00 GMT

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