Wynn (WYNN) Offering Possible 31.58% 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 $131.00 short call and a strike $136.00 long call offers a potential 31.58% 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 $131.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock rose above the $136.00 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 60.06 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


Wynn Resorts Stock: Stay at the Table or Cash Out?
Mon, 07 Jun 2021 11:30:00 +0000
Aggressive traders could probe the long side here risking below $110 for now. The On-Balance-Volume (OBV) line shows a low in early May and some improvement into June. In the weekly Japanese candlestick chart of WYNN, below, we can see a constructive-looking picture.

Wynn Resorts (WYNN) Benefits From Improving Visitation
Fri, 04 Jun 2021 13:46:01 +0000
Wynn Resorts (WYNN) is gaining from improving visitation, strong brand recognition and sports betting expansion.

Encore At Wynn Las Vegas Introduces Dog-Friendly Resort Program
Thu, 03 Jun 2021 16:09:00 +0000
Encore at Wynn Las Vegas is extending its renowned level of luxury service to canine clientele with the launch of a new dog-friendly resort program. Beginning today, guests of Encore can enjoy their stay in any room or suite with up to two furry friends, and indulge in exclusive amenities that meet the needs of this new breed of resort VIPs – Very Important Puppies.

The Andersons, InterContinental Hotels Group, MGM Resorts, Wynn Resorts and Las Vegas Sands highlighted as Zacks Bull and Bear of the Day
Thu, 03 Jun 2021 12:37:12 +0000
The Andersons, InterContinental Hotels Group, MGM Resorts, Wynn Resorts and Las Vegas Sands highlighted as Zacks Bull and Bear of the Day

Macao Gaming Revenue Surges 492% in May as Holiday Tourists Swarm City
Tue, 01 Jun 2021 12:06:00 +0000
China's Golden Week holiday welcomed a large influx of tourists to the gambling mecca of Macao who promptly gambled large sums of money in the city's casinos. Monthly gross gambling revenue surged 492% in May from last year, hitting 10.4 billion patacas, the local Macao currency, or around $1.3 billion. Casinos in China were counting on the Golden Week holiday — one of three week-long festivals held in the country at various times — to lift the prospects for gambling's revival.

Related Posts


MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.

This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.

The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.

The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.