Wynn (WYNN) Offering Possible 40.06% Return Over the Next 22 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $135.00 short put and a strike $130.00 long put offers a potential 40.06% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $135.00 by expiration. The full premium credit of $1.43 would be kept by the premium seller. The risk of $3.57 would be incurred if the stock dropped below the $130.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Wynn is bearish and the probability of a decline 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 72.12 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

Top Gainers in the Consumer Sector August 14–18, 2017
Mon, 21 Aug 2017 18:07:41 +0000
New York–based Estée Lauder (EL) announced its fiscal 4Q17 results on August 18, 2017. EPS of $0.51 was 21.4% higher than the year-ago quarter.

The Money Lost at Macau Table Games Will Shock You
Mon, 21 Aug 2017 17:51:00 +0000
How many millions do you think were lost?

ETFs with exposure to Wynn Resorts Ltd. : August 18, 2017
Fri, 18 Aug 2017 22:52:03 +0000
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Wynn Resorts Ltd. Here are 5 ETFs with the largest exposure to WYNN-US. Comparing the performance and risk of Wynn Resorts Ltd. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker … Read more
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How Wynn Resorts Ltd. Makes Most of Its Money
Fri, 18 Aug 2017 01:20:00 +0000
This U.S.-based gaming operator spends most of its time focused on Macau and how to draw Asian gamblers to its resorts overseas.

U.S. Casinos With Macau Operations Headed For A Rebound
Wed, 16 Aug 2017 17:46:00 +0000
Macau suffered a few challenging years, but with last year appearing to mark a bottom, CFRA believes that U.S. casinos with exposure to the gambling hotspot could rebound. Analyst Tuna Amobi writes that after peaking around $ 45.3 billion in 2013, gross gaming revenues (GGR) slipped every year since, to just $38 billion last year. GGR also appears to be making a comeback, with the Macau Gaming Inspection and Coordination Bureau reporting a 17.2% rise in the first half of this year to about $ 15.7 billio, with the VIP and mass market segments up 24% and 20%, respectively.

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