Wynn (WYNN) Offering Possible 30.21% Return Over the Next 28 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $130.00 short put and a strike $120.00 long put offers a potential 30.21% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $130.00 by expiration. The full premium credit of $2.32 would be kept by the premium seller. The risk of $7.68 would be incurred if the stock dropped below the $120.00 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 31.84 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

Wynn Resorts Sued Over Claim It Rigged Boston Casino Bid
Tue, 18 Sep 2018 21:19:09 +0000
Wynn Resorts Ltd. and its former chief executive, Steve Wynn, were sued by a Massachusetts racetrack operator for allegedly rigging the application process to win a license to run the Boston area’s only casino. In the lawsuit, filed late Monday, Sterling Suffolk Racecourse claims that construction of the casino at its Suffolk Downs location, as proposed by its partner, Mohegan Sun Casino, would’ve increased the value of the racetrack location. The racetrack operator accused Wynn Resorts of violations of the federal Racketeer Influenced Corrupt Organization Act and seeks more than $1 billion in damages.

Lawsuit alleges Wynn cheated to win casino license
Tue, 18 Sep 2018 21:09:39 +0000
BOSTON (AP) — Casino mogul Steve Wynn and the company he founded lied and covered up misconduct to dupe Massachusetts into granting a license for a $2 billion casino, a former rival alleges in a federal lawsuit.

Suffolk Downs operator sues Wynn for $3B over casino bid
Tue, 18 Sep 2018 19:04:37 +0000
The suit is being brought under the Racketeer Influenced and Corrupt Organizations Act, a federal law that the government often uses against organized criminal gangs.

3 Low-Risk Short Selling Trades for Bears
Mon, 17 Sep 2018 19:00:59 +0000
With U.S. indexes a stone’s throw from record heights, you may be wondering why you should even fuss with short selling stocks. Isolated pockets of weakness provide opportunity for options trading with a bearish tilt. Second, adding bearish trades to a bullish portfolio is a smart way to reduce risk and smooth out what would otherwise be a volatile equity curve.

Market Morning: Kaepernick to Nike for TD, China Tantrum, Teva Headache Abates, Macau Typhooned
Mon, 17 Sep 2018 11:00:53 +0000
Nike Feeds Off Trump Spite Nike’s (NYSE:NKE) advertising campaign featuring Kneeler-In-Chief former NFL quarterback Colin Kaepernick continues to pay dividends, or in this case capital gains, to Nike shareholders, as shares continue to reach new highs. The risky move has paid off, probably from capitalizing on the wave of anti Trump sentiment, who singled out […] The post Market Morning: Kaepernick to Nike for TD, China Tantrum, Teva Headache Abates, Macau Typhooned appeared first on Market Exclusive.

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