Wynn (WYNN) Offering Possible 40.45% Return Over the Next 3 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $136.00 short put and a strike $131.00 long put offers a potential 40.45% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $136.00 by expiration. The full premium credit of $1.44 would be kept by the premium seller. The risk of $3.56 would be incurred if the stock dropped below the $131.00 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 65.54 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

Is MGM Stock A Buy As Covid Vaccinations Pick Up, Online Betting Soars?
Thu, 11 Mar 2021 20:39:48 +0000
MGM Resorts has rallied as vaccines roll out with sports betting providing an extra boost. But is MGM stock a buy now?

Dream Hotel Group CEO on competing with Airbnb
Thu, 11 Mar 2021 17:50:21 +0000
Yahoo Finance’s Akiko Fujita and Zack Guzman discuss the road to recovery in the hospitality industry with Jay Stein, Dream Hotel Group CEO.

Wynn Resorts' (WYNN) WynnBET Boosts Online Betting in Virginia
Mon, 08 Mar 2021 15:12:03 +0000
Wynn Resorts (WYNN) continues to strengthen its sports betting presence. The company receives approval for online operations from the Virginia Lottery.

Wynn Adds Virginia, Its 10th State, to Its Online Sportsbook Roster
Fri, 05 Mar 2021 20:34:00 +0000
Casino company and, recently, online sports betting operator Wynn Resorts (NASDAQ: WYNN) issued a press release Friday saying it has been approved to offer digital sportsbook services in the state of Virginia. After receiving the permit, company president Craig Billings said Wynn “[appreciates] the confidence the Virginia Lottery has in our ability to deliver a world-class, online betting experience.” Wynn hasn't activated its WynnBET sports betting platform in the Old Dominion yet, but says it's planning to do so “soon.”

WynnBET Awarded Online Sports Betting Permit In Virginia
Fri, 05 Mar 2021 15:58:00 +0000
WynnBET, the premier casino and sports betting app from the global leader in luxury hospitality, Wynn Resorts, announces today that it has been issued a permit for the operation of online sports betting in the Commonwealth of Virginia. The WynnBET mobile app will soon be made available to sports betting enthusiasts for registration and use throughout the state. This marks the tenth state to be added to the growing list of jurisdictions where WynnBET plans to launch.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.