Wynn (WYNN) Offering Possible 39.66% Return Over the Next 11 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $90.50 short put and a strike $85.50 long put offers a potential 39.66% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.50 by expiration. The full premium credit of $1.42 would be kept by the premium seller. The risk of $3.58 would be incurred if the stock dropped below the $85.50 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 40.69 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

Has the Biggest Risk to Established Las Vegas Casinos Hit a Glitch?
Sun, 08 May 2016 18:00:00 GMT

Inside Information – Unaudited Results For The First Quarter Ended 31 March 2016 of Our Controlling Shareholder, Wynn Resorts, Limited
Sun, 08 May 2016 10:26:05 GMT
noodls – 178043 (Eng).indd Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy …

Less James Packer Not More For Melco Crown In Macau, Manila
Sun, 08 May 2016 07:32:00 GMT
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Fri, 06 May 2016 23:01:00 GMT

Cramer: 6 years after the Flash Crash, nothing has changed
Fri, 06 May 2016 22:42:46 GMT

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