Wynn (WYNN) Offering Possible 47.45% Return Over the Next 15 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $98.50 short call and a strike $104.00 long call offers a potential 47.45% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $98.50 by expiration. The full premium credit of $1.77 would be kept by the premium seller. The risk of $3.73 would be incurred if the stock rose above the $104.00 long call 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 22.35 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

Here Are 5 Reasons Not to Bet on Macau's Recovery
Wed, 05 Oct 2016 16:00:00 GMT

Wynn Resorts: Is Macau Casino A Debt Risk?
Wed, 05 Oct 2016 14:22:00 GMT

Why Traders Are Watching Amazon, Alphabet, and Three Casino Stocks Today
Tue, 04 Oct 2016 14:59:10 GMT

Why Shares of Las Vegas Sands Corp. Popped 15% in September
Mon, 03 Oct 2016 22:03:00 GMT

Top Wynn Macau Executive Abruptly Resigns
Mon, 03 Oct 2016 21:05:03 GMT

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