Wynn (WYNN) Offering Possible 31.41% Return Over the Next 35 Calendar Days

Wynn’s most recent trend suggests a bearish bias. One trading opportunity on Wynn is a Bear Call Spread using a strike $185.00 short call and a strike $195.00 long call offers a potential 31.41% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $185.00 by expiration. The full premium credit of $2.39 would be kept by the premium seller. The risk of $7.61 would be incurred if the stock rose above the $195.00 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 26.65 level which suggests that the stock is neither overbought nor oversold at this time.

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Wed, 13 Jun 2018 16:45:59 +0000
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Mon, 11 Jun 2018 07:44:53 +0000
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Macau clamps down on use of UnionPay cards to dodge currency controls
Thu, 07 Jun 2018 03:24:27 +0000
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Wynn Resorts (WYNN) Declines on Disappointing Macau Sales
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Wynn Resorts Appoints First Chief Sustainability Officer
Wed, 06 Jun 2018 17:38:00 +0000
LAS VEGAS, June 6, 2018 /PRNewswire/ — Wynn Resorts announced today the appointment of Erik Hansen as the company’s first Chief Sustainability Officer. In this newly-created role, Hansen is responsible for the development of the company’s global sustainability strategy and energy procurement goals. “Erik has proven to be a visionary as we continue to deepen our company’s sustainability strategy and make monumental moves towards taking control of our energy future,” said Kim Sinatra, EVP and General Counsel for Wynn Resorts.

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