Wynn Resorts Put Write Ahead of Expected Earnings Beat
WYNN trades at 117.79. Stock eyes Q4 earnings on 2026-02-09.
Zacks expects WYNN beats estimates. Las Vegas gaming stays strong. Macau demand holds steady. Boston operations remain stable.
Here is the put write: SELL -1 WYNN 06 Mar 26 112.0 PUT Contract @3.4 LMT
Stock price stands at 117.79. IV hits 45.93. Delta shows -0.32. Theta decays at -0.15. Max return reaches 3.04%. Earnings arrive in 84 days.
If stock closes above 112 on expiration, keep the premium.
If stock closes below 112 on expiration, keep premium and gain 100 shares at 112. Cost basis drops to 108.60.
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