Wynn (WYNN) Offering Possible 30.55% Return Over the Next 23 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $185.00 short put and a strike $175.00 long put offers a potential 30.55% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $185.00 by expiration. The full premium credit of $2.34 would be kept by the premium seller. The risk of $7.66 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 68.51 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

[$$] Elaine Wynn Launches Campaign to Remove Director From Casino’s Board
Tue, 24 Apr 2018 03:54:10 +0000
Wynn Resorts’s largest shareholder is launching a campaign to remove one of three board directors investigating sexual-misconduct allegations against former Chief Executive Steve Wynn.

Should You Buy Wynn Resorts Stock Ahead of Q1 Earnings?
Mon, 23 Apr 2018 23:24:11 +0000
Shares of Wynn Resorts (WYNN) experienced marginal gains on Monday, just one day before the company is scheduled to report its first quarter financial results. This climb is part of a larger 9% surge over the last four weeks, which might suggest that investors are expecting big things from the resort and casino giant in Q1.

Caterpillar, Lockheed, Wynn Resorts Headline Huge Earnings Day: Investing Action Plan
Mon, 23 Apr 2018 20:18:38 +0000
Here's your Investing Action Plan for Tuesday. Caterpillar, Lockheed Martin, Wynn Resorts, Edwards Lifesciences and Freeport McMoRan headline a huge day for earnings.

Elaine Wynn asks shareholders to oust board member
Mon, 23 Apr 2018 19:54:04 +0000
The ex-wife of Steve Wynn, who is also the biggest shareholder and co-founder of Wynn Resorts, is seeking the removal of one of the company directors overseeing an internal investigation into sexual misconduct …

Glancy Prongay & Murray LLP Reminds Investors of the Deadline in the Class Action Lawsuit Against Wynn Resorts, Limited (WYNN)
Mon, 23 Apr 2018 19:45:00 +0000
Glancy Prongay & Murray LLP  reminds investors of the April 23, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Wynn Resorts, Limited securities between February 28, 2014, and January 25, 2018, inclusive .

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