Breakout In Wynn Resorts (WYNN) - Wynn Resorts (NASDAQ:WYNN)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Wynn Resorts (NASDAQ: WYNN) has broken out to a new 52-week high on Thursday. The stock has added another 3.21% and is now trading at $130.17. In just the last three months, WYNN shares have gained more than 25%, as the company is experiencing strong growth in its Macau based gaming operations. WYNN trades at a trailing P/E of 100, a forward P/E of 32.35 and a PEG ratio of 1.19. The median Wall Street price target on the stock is $126.00 with a high target of $150.00. Look for analysts to either raise their estimates in the coming weeks or downgrade the stock if it continues to rise.

27% profit every 20 days?

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