A company called Wynn Resorts owns fancy hotels and casinos in Macao and Las Vegas. People are interested in how the company is doing, so they look at something called options trading, which lets them buy or sell parts of the company. This article talks about what those people are doing and how Wynn Resorts' stock price is changing. Read from source...

1. The article is overly positive and one-sided about Wynn Resorts, ignoring the negative aspects of its business model and recent controversies that have affected its reputation and stock performance.
2. The article does not provide enough data or evidence to support its claims, relying on vague terms like "options activities" and "market dynamics" without explaining how they are measured or interpreted.
3. The article uses RSI indicators as a technical analysis tool, but does not explain what they are, how they work, or why they are relevant for options trading in Wynn Resorts. This is misleading and confusing for readers who are not familiar with this concept.
4. The article promotes Benzinga Pro as the best source of information and alerts for options traders, but does not disclose any potential conflicts of interest or financial incentives behind this recommendation. Is Benzinga Pro paying Benzinga for this article? Are they affiliated in any way? How can readers trust this endorsement?

- Long call options with a strike price of $95 and an expiration date in one month, as the stock is likely to rebound after earnings are released. This strategy allows for unlimited upside potential while limiting downside risk to the premium paid for the option. The option premium is currently at 3.10%, which is relatively low and indicates that there is still room for the stock price to increase before reaching a resistance level. Additionally, this strike price is close enough to the current market price to provide a good balance between risk and reward.
- Short put options with a strike price of $85 and an expiration date in one month, as the stock is unlikely to decline significantly further from its current level. This strategy generates income while providing protection against a possible downside move in the event that the stock does not rebound as expected. The option premium for this trade is currently at 1.65%, which is also relatively low and indicates that there is still room for the stock price to decrease before reaching a support level. Moreover, this strike price is far enough from the current market price to provide adequate protection in case of an unexpected decline.
- Covered call strategy with the same strike price as the long call options, i.e., $95, and an expiration date in two months. This strategy aims to generate additional income by selling call options against existing long stock positions. By doing so, the investor can potentially benefit from capital appreciation of the underlying shares while also collecting option premiums. The option premium for this trade is currently at 2.05%, which is relatively high and indicates that there is still room for the stock price to increase before reaching a resistance level. Furthermore, by setting the expiration date two months in the future, the investor can take advantage of any anticipated earnings-related upside while also reducing the risk of being assigned on the call options.