Wynn (WYNN) Offering Possible 37.36% Return Over the Next 16 Calendar Days

Wynn's most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 37.36% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $1.36 would be kept by the premium seller. The risk of $3.64 would be incurred if the stock rose above the $80.00 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 down which suggests that the medium-term momentum for Wynn is bearish.

The RSI indicator is at 29.26 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

Hedge Funds Are Coming Back To Wynn Resorts, Limited (WYNN)
Tue, 08 Sep 2020 13:54:07 +0000
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

Goldman Downgrades Wynn Resorts On Challenges At Its Macau Unit
Mon, 07 Sep 2020 08:41:58 +0000
Goldman Sachs downgraded Wynn Resorts to Hold from Buy on September 6 and lowered the price target to $95 (8.3% upside potential) from $96. Goldman also removed the stock from its Conviction List, citing slower recovery at the company's Macau unit.Goldman analyst Stephen Grambling has lowered his 2021 forecasts for the Macau unit as he expects softer VIP gaming revenues in 2021. The recent run-up in Wynn Resorts shares in August also led to the downgrade.Wynn Resorts Limited's (WYNN) dependency on Macau's gaming market is seen as a challenge. Last month, the casino operator reported 2Q results, wherein the gross gambling revenue across Macau was down nearly 95% year-over-year in July, which was the fourth straight month with revenue declining over 90%.Wynn Resorts reported a loss of $6.14 per share, missing the Street estimates of $4.98. Its revenues of $85.7 million were also far below the consensus estimate of $275.8 million. The disappointing numbers were the result of casino closures amid the pandemic and depressed business and leisure travel. (See WYNN stock analysis on TipRanks).Currently, the Street has a cautiously optimistic outlook on the stock. The Moderate Buy analyst consensus is based on 9 Buys and 4 Holds. The average price target of $92.67 implies upside potential of 5.6% to current levels. Shares are down by 36.8% year-to-date.Related News: Uber, CarTrawler Team Up For New UK Car Rental Service Verizon Boosts Shareholders’ Return With Dividend Hike Cooper Companies Gains Over 5% On Strong 3Q Results More recent articles from Smarter Analyst: * Chegg vs K12: Which Online Education Stock Is A Smarter Pick? * Chewy Earnings Preview: RBC Bullish On Accelerating Revenue Growth * Smith & Wesson Tops 1Q On Record Firearm Sales * Barrington Turns Bullish On National CineMedia, Stock Surges 28%

Why Casino Operators Caesars, MGM, and Wynn Rocketed Higher in August by as Much as 47%
Thu, 03 Sep 2020 19:56:00 +0000
What happened Shares of casino operator Wynn Resorts (NASDAQ: WYNN) jumped a hefty 20% in the month of August according to data from S&P Global Market Intelligence. However, that was chump change compared to MGM Resorts International (NYSE: MGM), which saw its share price rise just under 40%.

Wynn (WYNN) Up 25.3% Since Last Earnings Report: Can It Continue?
Thu, 03 Sep 2020 15:31:03 +0000
Wynn (WYNN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Disney, Casino Stocks Rise As NBA Playoffs Set To Resume
Thu, 27 Aug 2020 20:05:56 +0000
NBA playoffs will reportedly resume following a player boycott to protest the latest police shooting of an unarmed African American man.

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.