Whales with a lot of money to spend have taken a noticeably bearish stance on Wynn Resorts.
Looking at options history for Wynn Resorts WYNN we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $184,807 and 4, calls, for a total amount of $146,991.
Latest Startup Investment Opportunities:
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $135.0 for Wynn Resorts over the recent three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Wynn Resorts's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Wynn Resorts's whale activity within a strike price range from $70.0 to $135.0 in the last 30 days.
Wynn Resorts 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WYNN | PUT | TRADE | BULLISH | 06/20/25 | $90.00 | $65.6K | 20 | 75 |
| WYNN | PUT | SWEEP | BEARISH | 06/20/25 | $75.00 | $59.0K | 499 | 183 |
| WYNN | CALL | SWEEP | BULLISH | 06/20/25 | $135.00 | $55.7K | 184 | 124 |
| WYNN | CALL | TRADE | BULLISH | 01/17/25 | $70.00 | $34.5K | 336 | 16 |
| WYNN | CALL | SWEEP | BEARISH | 01/17/25 | $100.00 | $31.3K | 1.6K | 60 |
About Wynn Resorts
Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO. The company operates four megaresorts: Wynn Macau and Encore in Macao and Wynn Las Vegas and Encore in Las Vegas. Cotai Palace opened in August 2016 in Macao, and Encore Boston Harbor in Massachusetts opened June 2019. We expect the company to open a new building next to its existing Wynn Palace resort in around 2028. The company also operates Wynn Interactive, a digital sports betting and iGaming platform. The company received 76% and 24% of its 2019 prepandemic EBITDA from Macao and the US, respectively.
After a thorough review of the options trading surrounding Wynn Resorts, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Wynn Resorts
- Trading volume stands at 958,777, with WYNN's price up by 1.18%, positioned at $100.58.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 42 days.
What The Experts Say On Wynn Resorts
1 market experts have recently issued ratings for this stock, with a consensus target price of $123.0.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Wynn Resorts, targeting a price of $123.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Wynn Resorts options trades with real-time alerts from Benzinga Pro.
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