Wynn (WYNN) Offering Possible 47.93% Return Over the Next 32 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 47.93% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $1.62 would be kept by the premium seller. The risk of $3.38 would be incurred if the stock dropped below the $90.00 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 up which suggests that the medium-term momentum for Wynn is bullish.

The RSI indicator is at 60.87 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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Fri, 15 Apr 2016 19:55:42 GMT

Wynn Resorts Sees No Reason to Abandon Current Strategy
Thu, 14 Apr 2016 23:08:03 GMT

Wynn Resorts, Limited Announces Results of 2016 Annual Meeting of Stockholders
Thu, 14 Apr 2016 22:41:03 GMT
noodls – LAS VEGAS, April 14, 2016 /PRNewswire/ — Wynn Resorts, Limited (NASDAQ: WYNN) (‘Wynn Resorts', ‘Wynn' or ‘the Company') today announced that, based on the preliminary vote count provided by IVS Associates, …

Wynn Resorts, Limited Announces Results of 2016 Annual Meeting of Stockholders
Thu, 14 Apr 2016 22:14:00 GMT
PR Newswire – LAS VEGAS, April 14, 2016 /PRNewswire/ — Wynn Resorts, Limited (NASDAQ: WYNN) (“Wynn Resorts”, “Wynn” or “the Company”) today announced that, based on the preliminary vote …

Steve Wynn Raises Stake In Wynn Resorts, Betting On Macau Recovery
Thu, 14 Apr 2016 20:11:52 GMT

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