Big Gainer Alert: Trading today’s 8.5% move in WYNN RESORTS $WYNN

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Quantchabot has detected a promising Bull Call Spread trade opportunity for WYNN RESORTS (WYNN) for the 4-Feb-2022 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

WYNN was recently trading at $91.42 and has an implied volatility of 50.07% for this period. Based on an analysis of the options available for WYNN expiring on 4-Feb-2022, there is a 34.14% likelihood that the underlying will close within the analyzed range of $91.43-$103.20 at expiration. In this scenario, the average linear return for the trade would be 41.87%.

Big 8.54% Change: After closing the last trading session at $84.23, WYNN RESORTS opened today at $91.49 and has reached a high of $92.25.

Trade approach: A movement as big as 8.54% is a significantly bullish indicator, so this trade is designed to be profitable if WYNN maintains its current direction and does not revert back to pricing on the bearish side of $91.42 on 4-Feb-2022. If possible, the trade has been padded such that slight movement against the trade would still return a profit.

Upside potential: Using this bullish strategy, the trade would be profitable if WYNN RESORTS closes at or above $90.50 on 4-Feb-2022. Based on our risk-neutral analysis, there is a 53.36% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.