Wynn (WYNN) Offering Possible 67.17% Return Over the Next 9 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $97.50 short call and a strike $103.00 long call offers a potential 67.17% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $2.21 would be kept by the premium seller. The risk of $3.29 would be incurred if the stock rose above the $103.00 long call 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 down which suggests that the medium-term momentum for Wynn is bearish.

The RSI indicator is at 36.02 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

Gambling Stock Roundup: Q2 Earnings of WYNN, PENN, GDEN & DKNG
Mon, 09 Aug 2021 12:56:12 +0000
Wynn Resorts' (WYNN), Penn National Gaming (PENN) and Golden Entertainment (GDEN) report better-than-expected second-quarter 2021 earnings.

Shaquille O'Neal To Become WynnBET's Brand Ambassador
Mon, 09 Aug 2021 12:10:35 +0000
WynnBET, the online gaming division of Wynn Resorts Ltd (NASDAQ: WYNN), has announced that former professional basketball player Shaquille O'Neal will become the app's new brand ambassador. O'Neal will provide his expertise to WynnBET as a strategic consultant. WynnBET will feature O'Neal prominently in its advertising campaigns across TV, digital, and print as part of the long-term partnership. O'Neal will attend in-person fan-facing events, create original content with WynnBET and interact as

Shaquille O'Neal Partners with WynnBET as Brand Ambassador
Mon, 09 Aug 2021 10:00:00 +0000
WynnBET, the premier mobile sports betting app from the global leader in luxury hospitality, Wynn Resorts, announced on Monday that 15-time Professional Basketball All-Star, media personality and entrepreneur Shaquille O'Neal will become the app's new brand ambassador. As part of the category exclusive partnership, O'Neal will provide his expertise to WynnBET as a strategic consultant.

DraftKings CEO on Q2 earnings, achieving nearly 300% revenue growth compared to 2020
Fri, 06 Aug 2021 20:27:08 +0000
Draftkings CEO Jason Robins projects when investors can expect his company to reach profitability.

Wynn Resorts (WYNN) Q2 Earnings & Revenues Beat Estimates
Thu, 05 Aug 2021 14:52:02 +0000
Wynn Resorts' (WYNN) second-quarter 2021 results reflect solid contributions from Wynn Palace, Wynn Macau and Las Vegas operations.

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