Wynn (WYNN) Offering Possible 26.26% Return Over the Next 11 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $115.00 short put and a strike $110.00 long put offers a potential 26.26% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock dropped below the $110.00 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 70.61 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

Here's What Pushed Wynn Resorts Stock Higher in March
Fri, 07 Apr 2017 00:21:00 +0000
The stock has been on a solid run so far this year — but it's still priced at half of what it was three years ago.

What’s Priced In to Macao’s Casinos’ Valuations?
Thu, 06 Apr 2017 11:36:14 +0000
On March 28, 2017, the Macao casino industry's valuation stood at 11.5x, lower than its average of 12.4x in November 2005. In 2016, the industry's average valuation was 12.1x.

Better Buy: Las Vegas Sands Corp. vs. Wynn Resorts
Wed, 05 Apr 2017 23:49:00 +0000
In a battle between two gaming giants, only one is the best bet for your investment dollars today.

Is Oversupply a Concern for Macao’s Casinos?
Wed, 05 Apr 2017 13:06:30 +0000
Macao's casinos' $28 billion investment in integrated resorts is set to change the region's gaming business.

Argus Upgrades Wynn Resorts To Buy, Praises The Wynn Palace In Macau
Wed, 05 Apr 2017 12:26:29 +0000
“Despite stiff competition, results at the Wynn Palace in Macau, which opened in August 2016, have shown consistent improvement, with occupancy and room rates both rising in the fourth quarter,” Argus’ …

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