Wynn (WYNN) Offering Possible 47.06% 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 $141.00 short put and a strike $136.00 long put offers a potential 47.06% 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 $141.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock dropped below the $136.00 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 62.14 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

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Solid Booking to Aid Royal Caribbean (RCL) in Q1 Earnings
Mon, 22 Apr 2019 11:34:11 +0000
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Wynn Resorts Is Now Highest-Scoring Hotel Company In The World
Fri, 19 Apr 2019 10:00:00 +0000
Forbes Travel Guide Reports Wynn's Global Resort Portfolio Outperforms All Other Luxury Hotel Brands LAS VEGAS , April 19, 2019 /PRNewswire/ — Wynn Resorts announces that it has earned the distinction …

Wynn Deal for Crown Resorts May Not Be as Dead as It Looks
Thu, 18 Apr 2019 14:35:00 +0000
Both may be playing a longer game to get a better deal.

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