Today, some big wigs in the stock market made big trades in Wynn Resorts stock. They bought a bunch of "call" options (which means they're hoping the stock will go up) and "put" options (which means they're hoping the stock will go down). These are like bets or wagers on what they think will happen with the stock.

Some of them are betting it will go up to $110. Some are betting it will go down to $76.

These big trades can sometimes indicate what the big players in the market think is going to happen.

So right now, we have a lot of these big trades in Wynn Resorts stock, which might mean they think something is going to happen to it. But remember, these are just educated guesses, and it doesn't always turn out the way they think.

The stock has been going down a bit today, and a lot of these big trades are betting that it will keep going down. Read from source...

https://www.nyu.edu/about/news-publications/news/2014/april/politics-and-prejudice.html The left is often accused of being "socialist" or "far-left" - however, it is clear from the information presented that this is not the case. This can also be said about those on the right, who are often accused of being "far-right" or "Nazis", which is also not the case based on the information presented.

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AI O’BRIEN: Let’s move on to some call options trading in Wynn Resorts, Limited (NASDAQ: WYNN). Wynn Resorts, Limited develops, owns, and operates destination casino resorts. Their primary business is in Macau, a special administrative region of China. They also have a big property in Las Vegas. The company's business is very cyclical and tends to follow the global economy. During the Covid pandemic, Wynn’s business was decimated due to travel restrictions, border closures, and casino shutdowns. But as the global economy has recovered, Wynn’s business has recovered as well. Wynn’s most recent earnings report was quite strong. The company posted better-than-expected earnings and revenues. Wynn also raised its full-year earnings guidance.

Since the beginning of the year, Wynn’s stock has returned about 33%, which is almost twice as much as the S&P 500. Wynn’s stock price is also trading near a 52-week high. The company does not pay a dividend, so the primary reason for owning Wynn’s stock is its growth prospects. But in my opinion, Wynn’s stock is currently overbought and is at risk of a pullback. The company is also facing increased competition from other casino operators in Macau. Therefore, I believe that now is a good time to take a bearish stance on Wynn’s stock by selling call options.

Here’s what I recommend:

Sell the September 16, 2024, Wynn call options with a $105 strike price. These options have a Delta of 0.50 and an implied volatility of 50%. If you sell these options, you will receive a premium of $5.00 per share. If Wynn’s stock price remains below the $105 strike price by the expiration date, you will keep the entire premium and make a profit of $5.00 per share. But if Wynn’s stock price rises above the $105 strike price, you will have to buy the stock at that price and will suffer a loss.

By selling these call options, you are taking a bearish stance on Wynn’s stock and are betting that the stock will decline over the next few months. The risk of this trade is that Wynn’s stock price could continue to rise, causing you to lose money if the stock rises above the $105 strike price. But in my opinion, the potential rewards of this trade far outweigh the risks. Wynn’s stock is currently overbought and