2014-05-03 Free Trade Of The Day Featuring Wynn Resorts (WYNN)

Posted on May 3rd, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on 2014-05-03 Free Trade Of The Day Featuring Wynn Resorts (WYNN)

Free Trade Of The Day Featuring Wynn Resorts (WYNN)

Wynn Resorts

Notes: Wynn Resorts (WYNN) shares go ex-dividend on Tuesday, May 13th. The $1.25 dividend will be payable on Thursday, May 29th.

Wynn Resorts (WYNN) Options Trade Idea

Buy the (WYNN) Sep. $220/$260 call spread for a $12.20 debit or better

(Buy the Sep. $220 call and sell the Sep. $260 call, all in one trade)

Stop loss- None

1st upside target- $25.00

2nd upside target- $37.50

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