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, 5 are puts, for a total amount of $184,875 and 3, calls, for a total amount of $178,736.
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Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $100.0 for Wynn Resorts, spanning the last three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Wynn Resorts options trades today is 675.0 with a total volume of 572.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Wynn Resorts's big money trades within a strike price range of $50.0 to $100.0 over the last 30 days.
Wynn Resorts Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WYNN | CALL | SWEEP | NEUTRAL | 04/19/24 | $2.22 | $2.12 | $2.22 | $98.00 | $90.1K | 45 | 89 |
| WYNN | CALL | TRADE | NEUTRAL | 01/17/25 | $51.7 | $48.6 | $49.88 | $50.00 | $49.8K | 337 | 10 |
| WYNN | PUT | SWEEP | BULLISH | 10/18/24 | $8.3 | $8.25 | $8.3 | $97.50 | $48.9K | 18 | 23 |
| WYNN | PUT | SWEEP | BEARISH | 06/20/25 | $6.85 | $6.55 | $6.85 | $80.00 | $41.1K | 2.4K | 72 |
| WYNN | CALL | SWEEP | BULLISH | 06/21/24 | $5.55 | $5.4 | $5.52 | $100.00 | $38.7K | 1.4K | 53 |
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.
Following our analysis of the options activities associated with Wynn Resorts, we pivot to a closer look at the company's own performance.
Where Is Wynn Resorts Standing Right Now?
- With a trading volume of 567,566, the price of WYNN is down by -0.56%, reaching $98.88.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 21 days from now.
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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