Wynn Resorts Put Write Eyes Earnings Beat Momentum
WYNN trades at 114.55. Zacks expects earnings beat on February 5. Stock holds positive sentiment from Fortune's Most Admired list and executive news.
Analysts predict upside. Earnings come May 4, 87 days out. IV sits at 45.65. Delta -0.29. Theta -0.14. Max return 2.85%.
Here is the put write: SELL -1 WYNN 06 Mar 26 107.0 PUT Contract @3.05 LMT
Stock closes above 107 on expiration. Keep the premium.
Stock closes below 107 on expiration. Keep premium. Gain 100 shares at 107. Cost basis drops to 103.95.
Trade stats: Win Rate: None. Number of trades: None.
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