Wynn (WYNN) Offering Possible 24.07% Return Over the Next 9 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $182.50 short call and a strike $187.50 long call offers a potential 24.07% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $182.50 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock rose above the $187.50 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 42.47 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

Gambling regulators: No wrongdoing by Wynn Resorts
Thu, 09 Oct 2014 20:24:16 GMT

Gambling regulators: No wrongdoing by Wynn Resorts
Thu, 09 Oct 2014 20:24:16 GMT

Macau Upturn May Be Near As Sentiment Shifts
Thu, 09 Oct 2014 17:51:00 GMT

Chinese Wary of Hong Kong Protests Ease Pain at Macau Casinos
Wed, 08 Oct 2014 03:19:23 GMT

Macau: September Slump Due To VIP, Mass Firm
Wed, 08 Oct 2014 00:16:00 GMT

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