Wynn (WYNN) Offering Possible 20.48% Return Over the Next 7 Calendar Days

Wynn’s most recent trend suggests a bullish bias. One trading opportunity on Wynn is a Bull Put Spread using a strike $128.00 short put and a strike $123.00 long put offers a potential 20.48% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $128.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $123.00 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 46.06 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


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Stocks with large international sales such as Boeing, Tiffany and Wynn Resorts may outperform.

Wynn Resorts Ltd. :WYNN-US: Earnings Analysis: Q2, 2017 By the Numbers : August 7, 2017
Mon, 07 Aug 2017 17:35:37 +0000
Categories: Yahoo FinanceGet free summary analysis Wynn Resorts Ltd. reports financial results for the quarter ended June 30, 2017. We analyze the earnings along side the following peers of Wynn Resorts Ltd. – Las Vegas Sands Corp., MGM Resorts International, Penn National Gaming, Inc., Boyd Gaming Corporation, Melco Resorts and Entertainment Ltd Shs Sponsored American Deposit Receipt … Read more
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IN THE NEWS Benzinga Macau has staged a dramatic comeback, and major casino stocks are reflecting this. An anti-corruption crackdown by the Chinese government posed an initial threat to the region, but …

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Betting billions on East Coast gambling was a risk, but it appears to be paying off at MGM Resorts.

As Las Vegas Strip Room Rates Rise, MGM Might Be The Best Bet
Wed, 02 Aug 2017 13:28:00 +0000
Instinet’s Harry Curtis and his team take a look at Las Vegas hotel room rates, and found that recent trends for rooms indicate positive-year-over pricing, as well as strengthening demand in the third quarter. Ultimately, Curtis’s favorite stock out of the casino operators is MGM Resorts (MGM): He writes that his top pick can approach $40 per share thanks to upside catalysts, growth momentum in Las Vegas, and strong free cash flow, bolstered by the positive data of his survey. More detail from the note: Las Vegas represents ~60% of MGM’s EBITDA versus only about 30% of Wynn’s (WYNN), 10% of LVS’s and 0% of Melco Resorts’ (MLCO).

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