Wynn (WYNN) Offering Possible 38.89% Return Over the Next 8 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $90.50 short call and a strike $95.50 long call offers a potential 38.89% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.50 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 rose above the $95.50 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 31.65 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 LTD Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Oblig
Wed, 06 Jul 2016 20:34:03 GMT

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Wed, 06 Jul 2016 18:15:00 GMT

Why Wynn Resorts, Limited's Shares Are Up 33% in 2016
Wed, 06 Jul 2016 15:24:00 GMT

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Tue, 05 Jul 2016 13:35:01 GMT

Looking For Quick Macau Recovery May Be A Fool's Bet: Analyst
Fri, 01 Jul 2016 20:12:57 GMT

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