Wynn (WYNN) Offering Possible 38.89% Return Over the Next 24 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $182.50 short put and a strike $177.50 long put offers a potential 38.89% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $182.50 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $177.50 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 51.78 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 Anti-Graft Agency Says Wynn Land Deal Probe Ongoing
Wed, 24 Sep 2014 05:54:01 GMT

Macau: Analysts Now Estimate Mid-Teen Decline In September
Wed, 24 Sep 2014 03:22:00 GMT

3 Leisure Stocks Pushing Industry Growth
Tue, 23 Sep 2014 17:03:00 GMT

The Zacks Analyst Blog Highlights: Wynn Resorts, Penn National Gaming, Boyd Gaming, Caesars Entertainment and MGM Resorts International
Tue, 23 Sep 2014 11:37:42 GMT

Wynn Says Macau Concludes Probe Into Cotai Land Deal
Tue, 23 Sep 2014 11:06:10 GMT

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