Wynn (WYNN) Offering Possible 49.25% Return Over the Next 15 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $131.00 short put and a strike $126.00 long put offers a potential 49.25% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $131.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $126.00 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 72.51 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

WynnBET Announces Partnership With Detroit Pistons
Tue, 02 Mar 2021 18:00:00 +0000
WynnBET, the premier casino and sports betting app from the global leader in luxury hospitality, Wynn Resorts, announces it is now a proud partner of the Detroit Pistons. As part of the multi-year deal, several new co-branded marketing efforts will be introduced that enhance the fan experience, providing fresh ways for the devoted base to interact with their favorite team beyond just game day – both online and off.

Marriott CEO Anthony Capuano on the future of hospitality post-pandemic
Wed, 24 Feb 2021 17:29:01 +0000
Marriott appointed Anthony Capuano as the company's new CEO, following Arne Sorenson’s tragic death. Marriott CEO Anthony Capuano joins Yahoo Finance Live to discuss how the hotel industry is faring amid pandemic and break down what the future holds for the hospitality industry as coronavirus cases continue to spike across the globe.

Wynn Resorts Announces 2021 Forbes Travel Guide Awards
Tue, 16 Feb 2021 13:15:00 +0000
In a year of extraordinary tests facing the hospitality industry, Wynn Resorts is proud to announce that the Company has maintained each of its 22 Forbes Travel Guide (FTG) Five-Star awards for 2021. In addition to holding the most FTG Five-Star awards of any independent hotel company, Wynn Las Vegas, Encore Las Vegas, and Wynn Palace also remain the three largest FTG Five-Star resorts in the world for the second consecutive year. Wynn Macau maintains its exclusive status as the only resort worldwide with eight individual FTG Five-Star awards, achieving this honor for the fifth consecutive year.

Wynn Resorts (NASDAQ:WYNN) Shareholders Have Enjoyed A 46% Share Price Gain
Fri, 12 Feb 2021 12:57:15 +0000
The main point of investing for the long term is to make money. Better yet, you'd like to see the share price move up…

Is MGM Stock A Buy With Online Betting Seen Jumping?
Thu, 11 Feb 2021 19:39:48 +0000
MGM Resorts has rallied recently as vaccines roll out with sports betting providing an extra boost. But is MGM stock a buy now?

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