A group of smart people who know a lot about business and money are betting that WYNN, a big company that has hotels and casinos, will not do well in the future. They are using something called options to make their bets. Options are special contracts that let you buy or sell something at a certain price and time. These smart people are buying options that say they can sell WYNN's stock for less money than it is now, so if the company does not do well, they will make money from selling their options. They are doing this because they think WYNN's stock will go down in price and they want to be ready to take advantage of that. Read from source...

- The title is misleading and clickbait, as it implies that only "smart money" is investing in WYNN options, while the article does not provide any evidence or criteria for determining who qualifies as "smart money".
- The article relies on outdated data, such as the option trades history and price targets from three months ago, which may not reflect the current market conditions and sentiment.
- The article uses vague and subjective terms, such as "bearish stance" and "major market movers", without providing any clear definitions or examples of how they are measured or identified.
- The article does not consider other factors that may influence the option trading activity, such as the macroeconomic environment, the company's financial performance, the industry trends, or the specific events or news related to WYNN.
- The article does not provide any analysis or insight into the potential reasons or motivations behind the options trading behavior, nor does it offer any suggestions or recommendations for investors who are interested in WYNN options.

Bearish
Analysis: Based on the information provided in the article, it seems that there is a higher number of bearish trades than bullish ones. This indicates that most investors are expecting the stock price to decline or at least not rise significantly in the near future. The fact that more money was invested in puts than calls also supports this notion. Additionally, the projected price targets suggest that the market movers do not anticipate a significant change in the stock's value within the specified range. Therefore, the overall sentiment of the article is bearish.

There are several factors that could influence your decision when investing in Wynn Resorts (NASDAQ:WYNN) based on the article provided by Benzinga. Some of these factors include:

- The smart money is betting big in WYNN options, indicating a potential shift in market sentiment and expectations for the company's performance. This could be a bullish or bearish sign depending on how you interpret the data and your own views on the industry and the stock.
- The ratio of bullish to bearish trades is 37% to 62%, suggesting that most investors are expecting a decline in the stock price or at least a consolidation phase. This could be due to various reasons, such as valuation concerns, regulatory risks, competition, COVID-19 impact, or other macroeconomic factors.
- The projected price target range is between $50.0 and $100.0, implying that the stock has a significant downside potential of around 47% from its current level of $92.86 as of writing this response. However, it also indicates that there is some support at these levels, which could limit the losses or provide an opportunity for a rebound.
- The volume and open interest trends show that there is moderate liquidity and interest in WYNN options, but not enough to generate significant momentum or price movement. This means that the stock could be range-bound or experience volatile swings depending on the news flow and market conditions.
- The chart of call and put options shows that there are more puts than calls, suggesting that investors are more likely to sell the stock short or hedge their long positions with protective strategies. This could indicate a lack of conviction or confidence in the stock's upside potential, or a desire to limit downside risk.
- The risks associated with investing in WYNN options include the possibility of an adverse price movement, loss of capital, market volatility, liquidity issues, time decay, and other factors that could affect your trading results and objectives. You should always conduct your own due diligence and risk assessment before making any investment decisions.
- The rewards associated with investing in WYNN options include the potential for significant leverage, profit, and diversification, as well as the ability to take advantage of market fluctuations and trends. You should always consider your own financial goals, risk tolerance, and time horizon before making any investment decisions.
- The best way to invest in WYNN options is to follow a disciplined and systematic approach that involves setting clear entry and exit points, managing your position size and risk exposure,