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WYNN Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: Wynn Resorts is poised for growth as Las Vegas tourism rebounds, bolstered by high-profile events like the Super Bowl. Strong earnings reports and market sentiment further support upward price movement, positioning WYNN for a bullish trajectory.



Bearish Case: Wynn continues to face headwinds from its struggling Macau operations and lingering legal issues that could dampen investor confidence. Reduced online presence and regulatory scrutiny add to the bearish outlook, possibly leading to significant price declines.



Potential Outcomes:
  1. Increased tourism leads to a 50% chance of WYNN shares rising to $100.
  2. Ongoing Macau struggles maintain a 30% chance of a drop to $80.
  3. Legal turmoil results in a 15% chance of hitting $75.
  4. Market stability supports a neutral outcome of 5% chance around $91.



Trading Oracle: Consider implementing a bullish debit spread using WYNN $95 calls, targeting favorable foot traffic post-Super Bowl, with a manageable risk/reward ratio. Set a downside hedge by selling $90 puts to capitalize on potential rebounds while guarding against severe downturns. Optimal for capturing volatility in recovery periods.


November 24, 2024


Wynn Resorts Forecast

WYNN        Wynn Resorts

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