Wynn Resorts (NASDAQ:WYNN) Stock, Quote.Headers.trade-ideas

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 continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. 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.

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Wynn Resorts Ltd

WYNN RESORTS ORD

Wynn Interactive, Ltd

Wynn Macau Ltd

WYNN MACAU LTD UNSP/ADR by Wynn Macau Ltd.

Wynnstay Group PLC

<a href="https://x.com/BittGDCG/status/1836817442049257727" title="https://x.com/BittGDCG/status/1836817442049257727">https://x.com/BittGDCG/status/1836817442049257727</a>

PENN

Shares Of PENN Entertainment Seeing Volume; Gaming Analyst, Steve Bittenbender, Post On X, "The New York State Gaming Commission is scheduled to consider PENN Sports Interactive's application  to purchase Wynn Bet's NY sports betting rights at its meeting Monday afternoon  If approved, it would open the door for ESPN BET to launch in the Empire State."

<a href="https://www.law360.com/securities/articles/1880236/wynn-resorts-to-pay-investors-70m-over-misconduct-claims" title="https://www.law360.com/securities/articles/1880236/wynn-resorts-to-pay-investors-70m-over-misconduct-claims">https://www.law360.com/securities/articles/1880236/wynn-resorts-to-pay-investors-70m-over-misconduct-claims</a>

Legal

'Wynn Resorts To Pay Investors $70M Over Misconduct Claims' - Law360

Wynn Resorts's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NYSE">WYNN</a>) short percent of float has risen 10.51% since its last report. The company recently reported that it has 4.76 million shares sold short, which is 4.31% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.3 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Wynn Resorts Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726689657_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Wynn Resorts has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Wynn Resorts's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Wynn Resorts's peer group average for short interest as a percentage of float is 4.57%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About Wynn Resorts?

The Nasdaq 100 closed slightly higher during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Wynn Resorts</h3>
<ul>
<li>The Trade: Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) Director Patricia Mulroy <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,650 shares</a> at an average price of $78.73. The insider received around $208,635 from selling those shares.</li>
<li>What's Happening: On Sept. 10, Wynn Resorts priced its $800 million private offering of Wynn Resorts Finance 6.250% Senior Notes due 2033.</li>
<li>What Wynn Resorts Does: Wynn Resorts operates luxury casinos and resorts. The company was founded in 2002 by Steve Wynn, the former CEO.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1">latest WYNN news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="811" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135.png" alt="" class="wp-image-553397" style="width:711px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135-300x268.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051539/image-135-768x687.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Dropbox</h3>
<ul>
<li>The Trade: Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) CFO Timothy Regan sold a total of 3,300 shares at an average price of $24.51. The insider received around $80,875 from selling those shares.</li>
<li>What's Happening: On Aug. 8, Dropbox reported better-than-expected second-quarter financial results.</li>
<li>What Dropbox Does: Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"> trend in DBX stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136.png" alt="" class="wp-image-553400" style="width:681px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18051841/image-136-768x705.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">Coinbase Global</h3>
<ul>
<li>The Trade: Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) President and COO Emilie Choi <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500 shares</a> at an average price of $162.24. The insider received around $243,360 from selling those shares.</li>
<li>What's Happening: On Sept. 12, Coinbase announced the launch of Coinbase Wrapped BTC (cbBTC), a new ERC20 token backed 1:1 by Bitcoin held in Coinbase&#8217;s custody to bridge Bitcoin to Ethereum and base networks.</li>
<li>What Coinbase Global Does: Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. </li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential breakout in COIN shares. </li>
</ul>
<figure class="wp-block-image is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img decoding="async" src="blob:https://editorial.benzinga.com/7a39fc5d-9ef8-4c8f-9ad8-315defc8c4aa" alt="" style="width:679px;height:auto" /></a></figure>
<h3 class="wp-block-heading">Electronic Arts</h3>
<ul>
<li>The Trade: Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) EVP, Global Affairs and CLO Jacob J. Schatz <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,500 shares</a> at an average price of $146.58. The insider received around $219,870 from selling those shares.</li>
<li>What's Happening: On Sept. 17, Electronic Arts outlined its long-term growth strategy at its Investor Day event.</li>
<li>What Electronic Arts Does: EA is one of the world&#8217;s largest third-party video game publishers and has transitioned from a console-based video game publisher to the one of the largest publishers on consoles, PC, and mobile. </li>
<li>Benzinga Pro's earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1">EA&#8217;s earnings reports. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="878" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138.png" alt="" class="wp-image-553413" style="width:668px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138.png 878w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138-300x286.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/18052416/image-138-768x733.png 768w" sizes="(max-width: 878px) 100vw, 878px" /></a></figure>
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our<a href="http://benzinga.com/analyst-stock-ratings"> analyst ratings page</a>.
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<li>Wells Fargo cut the price target for Pebblebrook Hotel Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) from $15 to $13. Wells Fargo analyst Dori Kesten maintained an Equal-Weight rating. Pebblebrook Hotel Trust shares rose 1.5% to trade at $12.98 on Friday. S<a href="https://www.benzinga.com/quote/PEB/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>TD Cowen cut the price target for Moderna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) from $70 to $60. TD Cowen analyst Tyler Van Buren maintained a Hold rating. Moderna shares fell 4.9% to trade at $66.25 on Friday. <a href="https://www.benzinga.com/quote/mrna/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities cut Zimmer Biomet Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZBH#NYSE">ZBH</a>) price target from $117 to $112. Truist Securities analyst Richard Newitter reiterated a Hold rating. Zimmer Biomet shares gained 1.8% to trade at $107.06 on Friday. <a href="https://www.benzinga.com/quote/zbh/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim raised Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) price target from $185 to $200. Guggenheim analyst John Difucci maintained a Buy rating. Oracle shares rose 1% to trade at $162.87 on Friday. <a href="https://www.benzinga.com/quote/orcl/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs raised the price target for TPG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>) from $53 to $60. Goldman Sachs analyst Alexander Blostein maintained a Buy rating. TPG shares gained 3% to close at $55.55 on Friday. S<a href="https://www.benzinga.com/quote/tpg/analyst-ratings">ee how other analysts view this stock</a>.</li>
<li>UBS boosted CubeSmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBE#NYSE">CUBE</a>) price target from $53 to $54. UBS analyst Michael Goldsmith downgraded the stock from Buy to Neutral. CubeSmart shares fell 0.2% to trade at $53.81 on Friday. <a href="https://www.benzinga.com/quote/cube/analyst-ratings">See how other analysts view this stoc</a>k.</li>
<li>Stifel cut Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) price target from $121 to $103. Stifel analyst Steve Wieczynski maintained a Buy rating. Wynn Resorts shares rose 3.6% to trade at $79.07 on Friday. <a href="https://www.benzinga.com/quote/wynn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup cut the price target for Nabors Industries Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBR#NYSE">NBR</a>) from $110 to $75. Citigroup analyst Scott Gruber downgraded the stock from Buy to Neutral. Nabors Industries shares rose 0.5% to trade at $65.41 on Friday. <a href="https://www.benzinga.com/quote/nbr/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Barclays slashed Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) price target from $181 to $133. Barclays analyst George Wang downgraded the stock from Equal-Weight to Underweight. Garmin shares fell 6.2% to trade at $170.74 on Friday. <a href="https://www.benzinga.com/quote/grmn/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Evercore ISI Group raised The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) price target from $62 to $63. Evercore ISI Group analyst Michael Montani maintained an Outperform rating. Kroger shares rose 1.1% to trade at $55.81 on Friday. <a href="https://www.benzinga.com/quote/kr/analyst-ratings">See how other analysts view this stock.</a></li>
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Stifel analyst Steve Wieczynski maintains Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) with a Buy and lowers the price target from $121 to $103.

Stifel Maintains Buy on Wynn Resorts, Lowers Price Target to $103

ATLANTIC CITY, N.J. (AP) — People began betting on which political party would win control of Congress in the November elections within minutes of a judge's ruling Thursday allowing the bets — the only ones to be legally approved by a U.S. jurisdiction.
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Deep-pocketed investors have adopted a bearish approach towards Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WYNN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Wynn Resorts. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 22% leaning bullish and 55% bearish. Among these notable options, 7 are puts, totaling $279,015, and 2 are calls, amounting to $104,299.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $73.0 to $120.0 for Wynn Resorts during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Wynn Resorts's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Wynn Resorts's substantial trades, within a strike price spectrum from $73.0 to $120.0 over the preceding 30 days.
<h3>Wynn Resorts Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726077696_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$11.0</td>
<td>$10.8</td>
<td>$10.95</td>
<td>$80.00</td>
<td>$77.7K</td>
<td>3.0K</td>
<td style="text-align: right;">302</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$5.85</td>
<td>$5.7</td>
<td>$5.81</td>
<td>$75.00</td>
<td>$58.1K</td>
<td>438</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$3.5</td>
<td>$3.35</td>
<td>$3.45</td>
<td>$73.00</td>
<td>$46.1K</td>
<td>300</td>
<td style="text-align: right;">135</td>
</tr>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$11.0</td>
<td>$10.8</td>
<td>$10.95</td>
<td>$80.00</td>
<td>$38.3K</td>
<td>3.0K</td>
<td style="text-align: right;">206</td>
</tr>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$11.0</td>
<td>$10.8</td>
<td>$10.95</td>
<td>$80.00</td>
<td>$35.0K</td>
<td>3.0K</td>
<td style="text-align: right;">145</td>
</tr>
</tbody>
</table>

<h3>About Wynn Resorts</h3>
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 continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. 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.
In light of the recent options history for Wynn Resorts, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Wynn Resorts's Current Market Status</h3>
<ul>
<li>With a volume of 613,580, the price of WYNN is up 0.04% at $75.38. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 57 days.</li>
</ul>
<h3>What Analysts Are Saying About Wynn Resorts</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $97.0.
<ul>
<li>An analyst from Morgan Stanley persists with their Equal-Weight rating on Wynn Resorts, maintaining a target price of $97. </li>
</ul>
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 <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Wynn Resorts's Options Frenzy: What You Need to Know

Offerings

Wynn Resorts Prices $800M Private Offering Of Wynn Resorts Finance 6.250% Senior Notes Due 2033

Wynn Resorts Subsidiaries Offer $800M Of Senior Notes Due 2033 In Private Offering

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/04/final-trades-epam-systems-salesforce-charles-schwab-and-wynn-resorts.html">Halftime Report Final Trades</a>,&#8221; Rob Sechan of NewEdge Wealth named Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) as his final trade.
On Aug. 28, Salesforce reported second-quarter revenue of $9.33 billion, beating the consensus estimate of $9.23 billion. The enterprise cloud solutions company reported adjusted earnings of $2.56 per share, beating analyst estimates of $2.36 per share, according to Benzinga Pro.
Jim Lebenthal of Cerity Partners picked Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>).
On Aug. 6, Wynn Resorts reported quarterly earnings of $1.12 per share on revenue of $1.733 billion with both figures missing the analyst consensus estimates.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) trades at 17 times earnings.
On Aug. 22, Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintained Charles Schwab with an Outperform and maintained a price target of $80.
Karen Firestone of Aureus Asset Management named EPAM Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>), as her final trade.
On Sept. 4, EPAM Systems announced that it has <a href="https://www.benzinga.com/pressreleases/24/09/n40705265/epam-announces-agreement-to-acquire-neoris">agreed to acquire</a> NEORIS.
Price Action:
<ul>
<li>Salesforce shares fell 0.2% to close at $247.68 during Wednesday's session.</li>
<li>Wynn Resorts shares gained 1.6% to settle at $77.04 on Wednesday.</li>
<li>Charles Schwab shares fell 1.4% to close at $63.90.</li>
<li>EPAM Systems shares gained 2.6% to settle at $200.50 on Wednesday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40720418/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-7-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 7% Dividend Yields</a></li>
</ul>
Image: Shutterstock

Salesforce, Wynn Resorts, EPAM Systems And A Financial Stock On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: EPAM Systems, The Charles Schwab Corp, Wynn Resorts, Salesforce

High-rolling investors have positioned themselves bullish on Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in WYNN often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Wynn Resorts. This is not a typical pattern.
The sentiment among these major traders is split, with 75% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $30,940, and 7 calls, totaling $563,410.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $87.5 for Wynn Resorts during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
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 $75.0 to $87.5 in the last 30 days. 
<h3>Wynn Resorts Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725459359_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$5.1</td>
<td>$4.85</td>
<td>$5.05</td>
<td>$77.50</td>
<td>$155.5K</td>
<td style="text-align: right;">326</td>
<td style="text-align: right;">399</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$7.35</td>
<td>$7.25</td>
<td>$7.35</td>
<td>$75.00</td>
<td>$128.6K</td>
<td style="text-align: right;">513</td>
<td style="text-align: right;">175</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$5.25</td>
<td>$5.15</td>
<td>$5.15</td>
<td>$77.50</td>
<td>$110.7K</td>
<td style="text-align: right;">326</td>
<td style="text-align: right;">425</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$5.25</td>
<td>$5.1</td>
<td>$5.25</td>
<td>$77.50</td>
<td>$69.8K</td>
<td style="text-align: right;">326</td>
<td style="text-align: right;">927</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$5.15</td>
<td>$5.0</td>
<td>$5.15</td>
<td>$77.50</td>
<td>$38.1K</td>
<td style="text-align: right;">326</td>
<td style="text-align: right;">714</td>
</tr>
</tbody>
</table>

<h3>About Wynn Resorts</h3>
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 continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. 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.
<h3>Where Is Wynn Resorts Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 196,639, the WYNN's price is down by -0.01%, now at $75.8. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 64 days.</li>
</ul>
<h3>Professional Analyst Ratings for Wynn Resorts</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $112.2.
<ul>
<li>An analyst from Morgan Stanley persists with their Equal-Weight rating on Wynn Resorts, maintaining a target price of $97. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Wynn Resorts, targeting a price of $101. </li>
<li>An analyst from Wells Fargo has decided to maintain their Overweight rating on Wynn Resorts, which currently sits at a price target of $115. </li>
<li>An analyst from Deutsche Bank persists with their Buy rating on Wynn Resorts, maintaining a target price of $122. </li>
<li>Maintaining their stance, an analyst from Macquarie continues to hold a Outperform rating for Wynn Resorts, targeting a price of $126. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Wynn Resorts, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Looking At Wynn Resorts's Recent Unusual Options Activity

Morgan Stanley analyst Stephen Grambling maintains Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) with a Equal-Weight and lowers the price target from $107 to $97.

Morgan Stanley Maintains Equal-Weight on Wynn Resorts, Lowers Price Target to $97

Investors with a lot of money to spend have taken a bullish stance on Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WYNN, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Wynn Resorts.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $27,720, and 7, calls, for a total amount of $251,848.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $73.0 to $92.5 for Wynn Resorts over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Wynn Resorts options trades today is 998.0 with a total volume of 1,325.00.
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 $73.0 to $92.5 over the last 30 days.
<h3>Wynn Resorts Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724963514_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/06/24</td>
<td>$3.5</td>
<td>$3.35</td>
<td>$3.41</td>
<td>$73.00</td>
<td>$58.1K</td>
<td style="text-align: right;">556</td>
<td style="text-align: right;">45</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$3.0</td>
<td>$2.97</td>
<td>$3.0</td>
<td>$75.00</td>
<td>$39.6K</td>
<td style="text-align: right;">856</td>
<td style="text-align: right;">508</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.95</td>
<td>$6.8</td>
<td>$6.95</td>
<td>$92.50</td>
<td>$36.1K</td>
<td style="text-align: right;">86</td>
<td style="text-align: right;">72</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/06/24</td>
<td>$3.8</td>
<td>$3.65</td>
<td>$3.71</td>
<td>$73.00</td>
<td>$34.9K</td>
<td style="text-align: right;">556</td>
<td style="text-align: right;">221</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$3.05</td>
<td>$2.97</td>
<td>$3.0</td>
<td>$75.00</td>
<td>$27.9K</td>
<td style="text-align: right;">856</td>
<td style="text-align: right;">258</td>
</tr>
</tbody>
</table>

<h3>About Wynn Resorts</h3>
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 continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. 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.
<h3>Where Is Wynn Resorts Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,644,903, the price of WYNN is up by 0.32%, reaching $75.54.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 70 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Wynn Resorts</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $116.0.
<ul>
<li>An analyst from Wells Fargo has decided to maintain their Overweight rating on Wynn Resorts, which currently sits at a price target of $115. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Wynn Resorts, targeting a price of $101. </li>
<li>An analyst from Deutsche Bank persists with their Buy rating on Wynn Resorts, maintaining a target price of $122. </li>
<li>Maintaining their stance, an analyst from Macquarie continues to hold a Outperform rating for Wynn Resorts, targeting a price of $126. </li>
</ul>
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 <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$200.00</td>
<td>$32.0K</td>
<td>16.8K</td>
<td>68.9K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$79.00</td>
<td>$32.2K</td>
<td>594</td>
<td>4.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$100.00</td>
<td>$33.6K</td>
<td>1.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$75.00</td>
<td>$103.2K</td>
<td>943</td>
<td>1.0K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$96.00</td>
<td>$50.9K</td>
<td>1.2K</td>
<td>627</td>
</tr>
<tr>
<td>ANF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$138.00</td>
<td>$58.0K</td>
<td>7</td>
<td>432</td>
</tr>
<tr>
<td>TSCO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$280.00</td>
<td>$50.2K</td>
<td>78</td>
<td>327</td>
</tr>
<tr>
<td>F</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$15.00</td>
<td>$79.0K</td>
<td>50</td>
<td>200</td>
</tr>
<tr>
<td>W</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$65.3K</td>
<td>28</td>
<td>184</td>
</tr>
<tr>
<td>CPRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$50.00</td>
<td>$26.0K</td>
<td>30.8K</td>
<td>171</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bullish, expiring in 2 day(s) on August 30, 2024. This event was a transfer of 246 contract(s) at a $200.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $130.0 per contract. There were 16853 open contracts at this strike prior to today, and today 68936 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a call option sweep with bearish sentiment. It expires in 2 day(s) on August 30, 2024. Parties traded 278 contract(s) at a $79.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $32.2K, with a price of $116.0 per contract. There were 594 open contracts at this strike prior to today, and today 4065 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option trade with bearish sentiment. It expires in 30 day(s) on September 27, 2024. Parties traded 200 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $33.6K, with a price of $168.0 per contract. There were 1264 open contracts at this strike prior to today, and today 1201 contract(s) were bought and sold. 
• Regarding WYNN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), we observe a put option sweep with bearish sentiment. It expires in 23 day(s) on September 20, 2024. Parties traded 499 contract(s) at a $75.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $103.2K, with a price of $207.0 per contract. There were 943 open contracts at this strike prior to today, and today 1085 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a put option trade with bullish sentiment. It expires in 23 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $96.00 strike. The total cost received by the writing party (or parties) was $50.9K, with a price of $255.0 per contract. There were 1215 open contracts at this strike prior to today, and today 627 contract(s) were bought and sold. 
• Regarding ANF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), we observe a call option trade with bullish sentiment. It expires in 2 day(s) on August 30, 2024. Parties traded 200 contract(s) at a $138.00 strike. The total cost received by the writing party (or parties) was $58.0K, with a price of $290.0 per contract. There were 7 open contracts at this strike prior to today, and today 432 contract(s) were bought and sold. 
• Regarding TSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>), we observe a put option sweep with bearish sentiment. It expires in 79 day(s) on November 15, 2024. Parties traded 34 contract(s) at a $280.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $50.2K, with a price of $1477.0 per contract. There were 78 open contracts at this strike prior to today, and today 327 contract(s) were bought and sold. 
• Regarding F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), we observe a put option trade with bullish sentiment. It expires in 51 day(s) on October 18, 2024. Parties traded 200 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $79.0K, with a price of $395.0 per contract. There were 50 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For W (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>), we notice a call option sweep that happens to be bullish, expiring in 51 day(s) on October 18, 2024. This event was a transfer of 172 contract(s) at a $42.50 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $65.3K, with a price of $380.0 per contract. There were 28 open contracts at this strike prior to today, and today 184 contract(s) were bought and sold. 
• For CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we notice a call option trade that happens to be bullish, expiring in 142 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $260.0 per contract. There were 30843 open contracts at this strike prior to today, and today 171 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/08/27/final-trades-berkshire-hathaway-vistra-corp-wynn-resorts-and-chipotle.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management named Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), which hit a fresh all-time<a href="https://www.benzinga.com/quote/brk.b"> high on Tuesday.</a>
Reported Monday, Aug, 19, Berkshire sold 13,968,943 shares of Bank of America at an average price of $39.42 per share.
Rob Sechan of NewEdge Wealth named Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) as his final trade.
On Aug. 8, Vistra posted better-than-expected second-quarter earnings. The company reported quarterly earnings of $1.43 per share, which beat the analyst consensus estimate of $1.38 per share. The company reported quarterly sales of $3.845 billion, which missed the analyst consensus estimate of $3.964 billion.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here </a>
Jim Lebenthal of Cerity Partners picked Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>).
On Aug. 6, Wynn Resorts reported downbeat second-quarter financial results. Wynn Resorts reported quarterly earnings of $1.12 per share on revenue of $1.733 billion, with both figures missing the analyst consensus estimates.
Stephanie Link of Hightower said with Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) down 20%, there's a buying opportunity.
On Tuesday, Chipotle announced it is testing a new menu item — Chipotle Honey Chicken — in 80 restaurants across Nashville, Tennessee, and Sacramento, California. This latest offering combines the heat of chipotle peppers with the sweetness of pure honey, creating a unique flavor profile that has already received high marks in consumer taste tests.
Price Action:
<ul>
<li>Berkshire Hathaway shares gained 1.4% to close at $460.63 during Tuesday's session.</li>
<li>Vistra shares fell 0.3% to close at $84.59 during the Tuesday session.</li>
<li>Wynn Resorts slipped 0.3% to settle at $77.04 on Tuesday.</li>
<li>Chipotle shares gained 2.5% to close at $56.14 during Tuesday's session.</li>
</ul>
Check This Out:
<ul>
<li> <a href="https://www.benzinga.com/news/24/08/40576188/microsoft-synaptics-and-2-other-stocks-executives-are-selling">Microsoft, Synaptics And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Long Ideas

Chipotle, Berkshire Hathaway, Wynn Resorts And More On CNBC's 'Final Trades'

BRK/B

CNBC Halftime Report Final Trades: Chipotle Mexican Grill, Wynn Resorts, Vistra, Berkshire Hathaway Inc. New Common Stock

Financial giants have made a conspicuous bearish move on Wynn Resorts. Our analysis of options history for Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $135,696, and 7 were calls, valued at $292,186.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $120.0 for Wynn Resorts over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $70.0 to $120.0 in the last 30 days. 
<h3>Wynn Resorts Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724426126_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$6.85</td>
<td>$6.45</td>
<td>$6.75</td>
<td>$80.00</td>
<td>$74.2K</td>
<td>146</td>
<td style="text-align: right;">121</td>
</tr>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$23.4</td>
<td>$22.45</td>
<td>$22.99</td>
<td>$100.00</td>
<td>$66.6K</td>
<td>1.4K</td>
<td style="text-align: right;">29</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$2.2</td>
<td>$2.14</td>
<td>$2.14</td>
<td>$77.50</td>
<td>$50.7K</td>
<td>1.0K</td>
<td style="text-align: right;">303</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.32</td>
<td>$1.25</td>
<td>$1.3</td>
<td>$82.50</td>
<td>$39.2K</td>
<td>3.2K</td>
<td style="text-align: right;">350</td>
</tr>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$38.4</td>
<td>$36.0</td>
<td>$38.4</td>
<td>$115.00</td>
<td>$38.4K</td>
<td>0</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>

<h3>About Wynn Resorts</h3>
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 continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. 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.
<h3>Where Is Wynn Resorts Standing Right Now?</h3>
<ul>
<li>With a volume of 483,408, the price of WYNN is down -0.18% at $76.95. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 76 days.</li>
</ul>
<h3>What Analysts Are Saying About Wynn Resorts</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $116.0.
<ul>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on Wynn Resorts, which currently sits at a price target of $101. </li>
<li>An analyst from Wells Fargo has decided to maintain their Overweight rating on Wynn Resorts, which currently sits at a price target of $115. </li>
<li>An analyst from Deutsche Bank persists with their Buy rating on Wynn Resorts, maintaining a target price of $122. </li>
<li>An analyst from Macquarie has decided to maintain their Outperform rating on Wynn Resorts, which currently sits at a price target of $126. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Wynn Resorts, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Unpacking the Latest Options Trading Trends in Wynn Resorts

Whales with a lot of money to spend have taken a noticeably bullish stance on Wynn Resorts.
Looking at options history for Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 0% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $1,428,035 and 4, calls, for a total amount of $342,622.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $120.0 for Wynn Resorts over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Wynn Resorts stands at 1123.62, with a total volume reaching 2,983.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Wynn Resorts, situated within the strike price corridor from $65.0 to $120.0, throughout the last 30 days.
<h3>Wynn Resorts Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724358674_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$25.0</td>
<td>$24.6</td>
<td>$24.61</td>
<td>$100.00</td>
<td>$1.2M</td>
<td>118</td>
<td>500</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.0</td>
<td>$3.8</td>
<td>$4.0</td>
<td>$80.00</td>
<td>$212.1K</td>
<td>2.3K</td>
<td>1.4K</td>
</tr>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$5.8</td>
<td>$5.7</td>
<td>$5.75</td>
<td>$77.50</td>
<td>$100.6K</td>
<td>2.0K</td>
<td>231</td>
</tr>
<tr>
<td>WYNN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.05</td>
<td>$5.85</td>
<td>$5.9</td>
<td>$65.00</td>
<td>$63.7K</td>
<td>2.1K</td>
<td>108</td>
</tr>
<tr>
<td>WYNN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.38</td>
<td>$1.35</td>
<td>$1.38</td>
<td>$80.00</td>
<td>$54.2K</td>
<td>1.4K</td>
<td>559</td>
</tr>
</tbody>
</table>

<h3>About Wynn Resorts</h3>
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 continue to build nongaming attractions in Macao over the next few years. We model Wynn's managed integrated resort in the United Arab Emirates to open in 2027. 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.
<h3>Wynn Resorts's Current Market Status</h3>
<ul>
<li>With a volume of 1,115,550, the price of WYNN is down -0.35% at $77.09. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 77 days.</li>
</ul>
<h3>What The Experts Say On Wynn Resorts</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $116.0.
<ul>
<li>Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Wynn Resorts with a target price of $122. </li>
<li>An analyst from Macquarie has decided to maintain their Outperform rating on Wynn Resorts, which currently sits at a price target of $126. </li>
<li>An analyst from JP Morgan persists with their Overweight rating on Wynn Resorts, maintaining a target price of $101. </li>
<li>An analyst from Wells Fargo has decided to maintain their Overweight rating on Wynn Resorts, which currently sits at a price target of $115. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Wynn Resorts, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

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Wynn Resorts (WYNN) Forecast

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