Wynn (WYNN) Offering Possible 30.55% Return Over the Next 6 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $155.00 short call and a strike $160.00 long call offers a potential 30.55% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $155.00 by expiration. The full premium credit of $1.17 would be kept by the premium seller. The risk of $3.83 would be incurred if the stock rose above the $160.00 long call 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 down which suggests that the medium-term momentum for Wynn is bearish.

The RSI indicator is at 33.62 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

Las Vegas mayor on Sin City slowdown fears
Thu, 09 Aug 2018 19:14:00 +0000
Carolyn Goodman, the mayor of Las Vegas, discusses whether Las Vegas slowdown fears are overblown, as major casino stocks are down in the last month due to a lack of scheduled events in July and August.

Musk a Public CEO ‘Disaster,' Volvo Cars Director Says
Thu, 09 Aug 2018 13:39:01 +0000
Betsy Atkins, board member at Volvo Personvaganar and author of “Behind the Boardroom Doors,” discusses corporate governance issues at Tesla Inc., CBS Corp., and Intel Corp. She speaks on “Bloomberg …

Here's Why MGM Resorts May Be the Best Casino Bet
Wed, 08 Aug 2018 00:10:00 +0000
Geographic diversity is its main strength.

Wynn Resorts adds former Deutsche Bank CEO to board
Tue, 07 Aug 2018 23:39:23 +0000
Casino operator Wynn Resorts has appointed its current CEO and the former CEO of Deutsche Bank to its board of directors. The Las Vegas-based company announced the appointments Tuesday. The addition of …

Wynn Las Vegas Announces $1.5 Million Charitable Partnership With Local Women's Shelter
Tue, 07 Aug 2018 23:35:00 +0000
LAS VEGAS, Aug. 7, 2018 /PRNewswire/ — Wynn Las Vegas President Maurice Wooden announced today that Wynn Las Vegas will commit up to a $1.5 million charitable investment in The Shade Tree, a Las Vegas-based non-profit organization that helps homeless and abused women and children in crisis. “When taking the difficult first step towards rebuilding their lives, thousands of women rely on The Shade Tree to take that step with them,” said Maurice Wooden, President of Wynn Las Vegas. The investment will alleviate substantial construction and upkeep costs that can instead be funneled into providing women and children with temporary housing, meals, medical care, and other life-changing services that promote stability, dignity, and self-reliance.

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