Wynn (WYNN) Offering Possible 26.58% Return Over the Next 32 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $180.00 short put and a strike $175.00 long put offers a potential 26.58% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $180.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $175.00 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 53.62 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

Macau: Gaming Revenue Continues To Soften In October
Wed, 22 Oct 2014 00:10:00 GMT

Will Macau Weigh on Wynn Resorts (WYNN) Q3 Earnings?
Tue, 21 Oct 2014 19:20:02 GMT

Midday movers: Apple, Delta Air Lines, Gap, & more
Thu, 16 Oct 2014 17:29:58 GMT

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

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