Wynn (WYNN) Offering Possible 58.73% Return Over the Next 10 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $95.00 short call and a strike $100.00 long call offers a potential 58.73% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $95.00 by expiration. The full premium credit of $1.85 would be kept by the premium seller. The risk of $3.15 would be incurred if the stock rose above the $100.00 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 up which suggests that the medium-term momentum for Wynn is bullish.

The RSI indicator is at 65.41 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

Jim Cramer's ‘Mad Money' Recap: Be Brave, Keep Investing in Stocks
Tue, 05 Apr 2016 00:19:00 GMT

Wynn Resorts to Host Investor Conference
Mon, 04 Apr 2016 21:00:14 GMT
noodls – Wynn Resorts to Host Investor Conference

Wynn Resorts to Host Investor Conference
Mon, 04 Apr 2016 20:39:00 GMT
Business Wire – Wynn Resorts, Limited will host an Investor Conference on Wednesday, April 6, 2016 beginning at 2:00 p.m. PT and concluding at approximately 4:00 p.m. PT (7:00 p.m.

3 Stocks We're Watching in the Second Quarter
Sun, 03 Apr 2016 16:44:00 GMT

6:50 am Macau Gaming Inspection and Coordination Bureau reported March gross gaming revenue down 16.3% YoY
Sun, 03 Apr 2016 10:50:00 GMT

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