Wynn (WYNN) Offering Possible 61.29% Return Over the Next 17 Calendar Days

Wynn's most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $108.00 short put and a strike $103.00 long put offers a potential 61.29% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $108.00 by expiration. The full premium credit of $1.90 would be kept by the premium seller. The risk of $3.10 would be incurred if the stock dropped below the $103.00 long put 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 65.01 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

Risks Rise for Studio City International as Macau Gaming Market Slows
Sat, 01 Dec 2018 12:32:00 +0000
Like much of Macau, its future hinges on VIP gamblers.

Macau gambling revenue up 8.5 pct in Nov
Sat, 01 Dec 2018 06:17:28 +0000
HONG KONG, Dec 1 (Reuters) – Gambling revenue in the Chinese territory of Macau rose 8.5 percent in November from a year earlier to 25 billion patacas ($3.1 billion), bolstered by solid demand from Chinese …

Today's Research Reports on Trending Tickers: Wynn Resorts and Las Vegas Sands
Tue, 27 Nov 2018 12:00:00 +0000
NEW YORK, NY / ACCESSWIRE / November 27, 2018 / Wall Street closed up on Monday as oil prices stabilized and giant tech stocks such as the FAANG (Facebook, Amazon, Apple, Netflix and Google-parent Alphabet), …

Wynn Resorts' Chart Shows What It Would Take for the Market to Improve
Tue, 27 Nov 2018 11:00:00 +0000
In terms of the latter, let me point out that breadth was rather crummy on Monday. With the S&P up 40 points and net breadth +840 it's difficult to put breadth on the positive side of the ledger. Heck, last Wednesday the S&P was up a mere 8 points and breadth was better at +1,450.

Stocks on the move: Stocks surge as GM resumes trading with 6% gain, CVS up after Aetna acquisition
Mon, 26 Nov 2018 20:19:55 +0000
Yahoo Finance's Julie Hyman discusses today's stocks on the move in midday trading.

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