Wynn (WYNN) Offering Possible 26.74% Return Over the Next 39 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 26.74% return on risk over the next 39 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 $2.11 would be kept by the premium seller. The risk of $7.89 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 36.32 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

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

UPDATE: Bank Of America Downgrades Wynn Resorts
Tue, 14 Oct 2014 15:04:41 GMT

Will This Ratings Downgrade Hurt Wynn Resorts (WYNN) Stock Today?
Tue, 14 Oct 2014 12:31:00 GMT

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