Wynn (WYNN) Offering Possible 55.28% Return Over the Next 16 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $110.00 short call and a strike $115.00 long call offers a potential 55.28% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 by expiration. The full premium credit of $1.78 would be kept by the premium seller. The risk of $3.22 would be incurred if the stock rose above the $115.00 long call 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 down which suggests that the medium-term momentum for Wynn is bearish.

The RSI indicator is at 30.71 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

Wynn Is Set To Win Amid Gaming Resurgence In Macau, Goldman Sachs Says
Tue, 24 Sep 2019 17:44:38 +0000
Wynn Resorts, Limited (NASDAQ: WYNN ) is set to benefit from a return of the high rollers to a resurgent Macau, Goldman Sachs said Tuesday. The Analyst Goldman Sachs analyst Stephen Grambling upgraded …

IEX Calls It Quits In The Listing Business
Tue, 24 Sep 2019 13:45:03 +0000
IEX, an equity trading venue that sought to equalize the Wall Street playing field, announced Monday that it was shutting down its listing business. The development comes after IEX failed to lure high-profile …

Wynn Resorts Rises on Goldman Sachs Upgrade to Buy
Tue, 24 Sep 2019 11:43:00 +0000
Wynn Resorts rises after a Goldman Sachs analysts upgrades the casino resort operator to buy from neutral and raises his stock price target to $155 from $140.

Wynn Resorts Announces Closing of Private Offering of Wynn Resorts Finance, LLC’s and Wynn Resorts Capital Corp.’s 5.125% Senior Notes due 2029 and Wynn Resorts Finance, LLC’s Senior Secured Credit Facilities and Completion of Internal Restructuring
Fri, 20 Sep 2019 20:05:00 +0000
Wynn Resorts, Limited (“Wynn Resorts”) (WYNN) announced today the completion by Wynn Resorts Finance, LLC (formerly known as Wynn America, LLC) (“Wynn Resorts Finance”) and its subsidiary Wynn Resorts Capital Corp. (“Wynn Resorts Capital” and, together with Wynn Resorts Finance, the “Issuers”), each an indirect wholly-owned subsidiary of Wynn Resorts, of their previously announced private offering of $750 million aggregate principal amount of 5.125% Senior Notes due 2029 (the “Notes”).

Invesco Launches Two Corporate Bond ETFs
Tue, 17 Sep 2019 21:00:00 +0000
Invesco launched two new ETF entries as a part of their BulletShares suite on Thursday, Sept. 12. The Invesco BulletShares 2027 High Yield Corporate Bond ETF and the Invesco BulletShares 2029 Corporate Bond ETF (BSCT) have now found their way to the NYSE.

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