WYNN240419P00109000 Option on Wynn Resorts Limited
| WYNN Stock | USD 95.88 0.72 0.75% |
Wynn Resorts' option chain provides insight into all available option contracts written on Wynn Resorts' stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Wynn Resorts' stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Wynn option contract.
In The Money vs. Out of Money Option Contracts on Wynn Resorts
Analyzing Wynn Resorts' in-the-money options over time can help investors to take a profitable long position in Wynn Resorts regardless of its overall volatility. This is especially true when Wynn Resorts' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Wynn Resorts' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Wynn Resorts' stock while costing only a fraction of its price.
Wynn Resorts' latest option contracts expiring on 2024-05-03 are carrying combined implied volatility of 44.58 with a put-to-call open interest ratio of 0.78 over 100 outstanding agreements suggesting investors are buying slightly more calls than puts on contracts expiring on 2024-05-03. The current put volume is at 2942, with calls trading at the volume of 713. This yields a 4.13 put-to-call volume ratio. The Wynn Resorts option chain provides detailed quote and price information for the current Wynn Resorts Limited option contracts. It shows all of Wynn Resorts' listed puts, calls, expiration dates, strike prices, and other pricing information.
Open Interest Against 2024-05-03 Option Contracts
Wynn Resorts option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Wynn Resorts' lending market. For example, when Wynn Resorts' puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Wynn Resorts, he or she must hedge the risk by shorting Wynn Resorts stock over its option's life.
2024-05-03
The chart above shows Wynn Resorts' distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Wynn Resorts' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Wynn Resorts' option, there is no secondary market available for investors to trade.
Wynn Resorts Maximum Pain Price across 2024-05-03 Option Contracts
Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Wynn Resorts close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Wynn Resorts' stock options are financial instruments that give investors the right to buy or sell shares of Wynn Resorts Limited common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Wynn stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Wynn Resorts' stock price goes up or down, the stock options follow.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wynn Resorts Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Please note that buying 'in-the-money' options on Wynn Resorts lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Wynn Resorts' value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Wynn Resorts contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Wynn Stock moves the wrong way.
As of the 29th of April 2024, Capital Stock is likely to grow to about 1.4 M, though Total Stockholder Equity is likely to grow to (238.8 M). Wynn Resorts Limited In The Money Call Balance
When Wynn Resorts' strike price is surpassing the current stock price, the option contract against Wynn Resorts Limited stock is said to be in the money. When it comes to buying Wynn Resorts' options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Wynn Resorts Limited are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Wynn Current Options Market Mood
Wynn Resorts' open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Wynn Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Wynn Resorts' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Wynn Resorts' option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Wynn Resorts' option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.
Rule 16 of the current Wynn contract
Base on the Rule 16, the options market is currently suggesting that Wynn Resorts Limited will have an average daily up or down price movement of about 2.79% per day over the life of the 2024-05-03 option contract. With Wynn Resorts trading at USD 95.88, that is roughly USD 2.67. If you think that the market is fully incorporating Wynn Resorts' daily price movement you should consider buying Wynn Resorts Limited options at the current volatility level of 44.58%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Wynn |
Purchasing Wynn Resorts options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Wynn calls. Remember, the seller must deliver Wynn Resorts Limited stock to the call owner when a call is exercised.
Wynn Resorts Option Chain
When Wynn Resorts' strike price is surpassing the current stock price, the option contract against Wynn Resorts Limited stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
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Wynn Resorts' option chain is a display of a range of information that helps investors for ways to trade options on Wynn. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Wynn. It also shows strike prices and maturity days for a Wynn Resorts against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Delta | Gamma | Open Int | Expiration | Current Spread | Last Price | |||
Call | 2024-05-03 CALL at $55.0 | 0.9185 | 0.0031 | 0 | 2024-05-03 | 39.5 - 44.2 | 0.0 | In |
Call | 2024-05-03 CALL at $60.0 | 0.9073 | 0.0039 | 0 | 2024-05-03 | 34.5 - 39.2 | 0.0 | In |
Call | 2024-05-03 CALL at $65.0 | 0.8929 | 0.005 | 0 | 2024-05-03 | 29.5 - 34.25 | 0.0 | In |
Call | 2024-05-03 CALL at $70.0 | 0.8782 | 0.0064 | 0 | 2024-05-03 | 24.5 - 29.2 | 0.0 | In |
Call | 2024-05-03 CALL at $75.0 | 0.8553 | 0.0084 | 0 | 2024-05-03 | 19.5 - 24.3 | 0.0 | In |
Call | 2024-05-03 CALL at $80.0 | 0.8321 | 0.0114 | 1 | 2024-05-03 | 14.5 - 19.2 | 16.62 | In |
Call | 2024-05-03 CALL at $81.0 | 0.8225 | 0.0121 | 0 | 2024-05-03 | 13.5 - 18.3 | 0.0 | In |
Call | 2024-05-03 CALL at $82.0 | 0.8191 | 0.013 | 0 | 2024-05-03 | 12.5 - 17.2 | 0.0 | In |
Call | 2024-05-03 CALL at $83.0 | 0.8118 | 0.014 | 0 | 2024-05-03 | 11.5 - 16.2 | 0.0 | In |
Call | 2024-05-03 CALL at $84.0 | 0.8003 | 0.0149 | 0 | 2024-05-03 | 10.5 - 15.3 | 0.0 | In |
Call | 2024-05-03 CALL at $85.0 | 0.7917 | 0.0161 | 0 | 2024-05-03 | 9.5 - 14.3 | 0.0 | In |
Call | 2024-05-03 CALL at $86.0 | 0.7841 | 0.0175 | 0 | 2024-05-03 | 8.5 - 13.25 | 0.0 | In |
Call | 2024-05-03 CALL at $87.0 | 0.9795 | 0.0094 | 0 | 2024-05-03 | 7.95 - 12.15 | 0.0 | In |
Call | 2024-05-03 CALL at $88.0 | 0.9779 | 0.011 | 0 | 2024-05-03 | 6.95 - 11.15 | 0.0 | In |
Call | 2024-05-03 CALL at $89.0 | 0.9567 | 0.0185 | 0 | 2024-05-03 | 6.0 - 10.2 | 0.0 | In |
Call | 2024-05-03 CALL at $90.0 | 0.9523 | 0.0224 | 1 | 2024-05-03 | 5.0 - 9.2 | 10.34 | In |
Call | 2024-05-03 CALL at $91.0 | 0.9207 | 0.033 | 0 | 2024-05-03 | 4.05 - 8.3 | 0.0 | In |
Call | 2024-05-03 CALL at $92.0 | 0.8881 | 0.0442 | 0 | 2024-05-03 | 3.9 - 6.6 | 0.0 | In |
Call | 2024-05-03 CALL at $93.0 | 0.8555 | 0.0577 | 967 | 2024-05-03 | 3.75 - 4.75 | 4.31 | In |
Call | 2024-05-03 CALL at $94.0 | 0.7544 | 0.0684 | 1004 | 2024-05-03 | 3.15 - 4.25 | 3.25 | In |
Call | 2024-05-03 CALL at $95.0 | 0.7061 | 0.0884 | 73 | 2024-05-03 | 2.63 - 2.81 | 2.75 | In |
Call | 2024-05-03 CALL at $96.0 | 0.6125 | 0.1 | 78 | 2024-05-03 | 2.02 - 2.14 | 1.77 | In |
Call | 2024-05-03 CALL at $97.0 | 0.5093 | 0.1052 | 141 | 2024-05-03 | 1.46 - 1.58 | 1.39 | Out |
Call | 2024-05-03 CALL at $98.0 | 0.4011 | 0.1062 | 2148 | 2024-05-03 | 1.0 - 1.11 | 1.02 | Out |
Call | 2024-05-03 CALL at $99.0 | 0.3029 | 0.095 | 634 | 2024-05-03 | 0.64 - 0.75 | 0.62 | Out |
Call | 2024-05-03 CALL at $100.0 | 0.2263 | 0.0789 | 388 | 2024-05-03 | 0.38 - 0.49 | 0.49 | Out |
Call | 2024-05-03 CALL at $101.0 | 0.1269 | 0.0617 | 183 | 2024-05-03 | 0.21 - 0.3 | 0.21 | Out |
Call | 2024-05-03 CALL at $102.0 | 0.0702 | 0.0413 | 166 | 2024-05-03 | 0.09 - 0.15 | 0.1 | Out |
Call | 2024-05-03 CALL at $103.0 | 0.0626 | 0.0329 | 248 | 2024-05-03 | 0.03 - 0.12 | 0.1 | Out |
Call | 2024-05-03 CALL at $104.0 | 0.0348 | 0.0209 | 337 | 2024-05-03 | 0.01 - 0.12 | 0.05 | Out |
Call | 2024-05-03 CALL at $105.0 | 0.027 | 0.0158 | 478 | 2024-05-03 | 0.0 - 0.06 | 0.04 | Out |
Call | 2024-05-03 CALL at $107.0 | 0.1089 | 0.025 | 207 | 2024-05-03 | 0.01 - 0.75 | 0.08 | Out |
Call | 2024-05-03 CALL at $108.0 | 0.0453 | 0.0158 | 73 | 2024-05-03 | 0.0 - 0.05 | 0.11 | Out |
Call | 2024-05-03 CALL at $109.0 | 0.0507 | 0.0154 | 34 | 2024-05-03 | 0.0 - 0.1 | 0.14 | Out |
Call | 2024-05-03 CALL at $110.0 | 0.0065 | 0.0037 | 569 | 2024-05-03 | 0.0 - 0.04 | 0.01 | Out |
Call | 2024-05-03 CALL at $116.0 | 0.0049 | 0.0021 | 22 | 2024-05-03 | 0.0 - 1.27 | 0.01 | Out |
Put | 2024-05-03 PUT at $86.0 | -0.0152 | 0.007 | 3 | 2024-05-03 | 0.0 - 1.27 | 0.03 | Out |
Put | 2024-05-03 PUT at $87.0 | -0.0204 | 0.0094 | 112 | 2024-05-03 | 0.0 - 0.05 | 0.04 | Out |
Put | 2024-05-03 PUT at $90.0 | -0.0404 | 0.0206 | 1458 | 2024-05-03 | 0.0 - 0.33 | 0.07 | Out |
Put | 2024-05-03 PUT at $91.0 | -0.0576 | 0.0289 | 277 | 2024-05-03 | 0.04 - 0.12 | 0.1 | Out |
Put | 2024-05-03 PUT at $92.0 | -0.0882 | 0.0414 | 166 | 2024-05-03 | 0.12 - 0.18 | 0.16 | Out |
Put | 2024-05-03 PUT at $93.0 | -0.127 | 0.057 | 88 | 2024-05-03 | 0.2 - 0.27 | 0.38 | Out |
Put | 2024-05-03 PUT at $94.0 | -0.2057 | 0.0747 | 157 | 2024-05-03 | 0.36 - 0.51 | 0.45 | Out |
Put | 2024-05-03 PUT at $95.0 | -0.2857 | 0.0916 | 1225 | 2024-05-03 | 0.63 - 0.72 | 0.8 | Out |
Put | 2024-05-03 PUT at $96.0 | -0.3845 | 0.1036 | 281 | 2024-05-03 | 0.97 - 1.06 | 1.1 | Out |
Put | 2024-05-03 PUT at $97.0 | -0.4916 | 0.1084 | 177 | 2024-05-03 | 1.4 - 1.53 | 1.63 | In |
Put | 2024-05-03 PUT at $98.0 | -0.5978 | 0.1045 | 394 | 2024-05-03 | 1.94 - 2.13 | 2.22 | In |
Put | 2024-05-03 PUT at $99.0 | -0.6676 | 0.0858 | 169 | 2024-05-03 | 2.46 - 2.92 | 2.92 | In |
Put | 2024-05-03 PUT at $100.0 | -0.7438 | 0.0741 | 119 | 2024-05-03 | 2.81 - 4.55 | 3.65 | In |
Put | 2024-05-03 PUT at $101.0 | -0.7376 | 0.0555 | 106 | 2024-05-03 | 3.9 - 4.9 | 3.97 | In |
Put | 2024-05-03 PUT at $102.0 | -0.764 | 0.0477 | 192 | 2024-05-03 | 3.95 - 7.2 | 5.86 | In |
Put | 2024-05-03 PUT at $103.0 | -0.7885 | 0.0417 | 170 | 2024-05-03 | 3.95 - 8.15 | 6.8 | In |
Put | 2024-05-03 PUT at $104.0 | -0.8293 | 0.0415 | 38 | 2024-05-03 | 4.95 - 9.15 | 7.6 | In |
Put | 2024-05-03 PUT at $105.0 | -0.9491 | 0.0227 | 640 | 2024-05-03 | 6.1 - 10.1 | 8.1 | In |
Put | 2024-05-03 PUT at $106.0 | -0.9739 | 0.0138 | 2 | 2024-05-03 | 6.95 - 11.15 | 9.8 | In |
Put | 2024-05-03 PUT at $107.0 | -0.9757 | 0.012 | 33 | 2024-05-03 | 7.95 - 12.15 | 10.23 | In |
Put | 2024-05-03 PUT at $108.0 | -0.951 | 0.0266 | 0 | 2024-05-03 | 8.75 - 13.5 | 13.1 | In |
Put | 2024-05-03 PUT at $109.0 | -0.9466 | 0.0159 | 0 | 2024-05-03 | 9.8 - 14.5 | 12.9 | In |
Put | 2024-05-03 PUT at $110.0 | -0.9492 | 0.0144 | 1 | 2024-05-03 | 10.8 - 15.5 | 9.05 | In |
Put | 2024-05-03 PUT at $111.0 | -0.9516 | 0.0131 | 0 | 2024-05-03 | 11.8 - 16.5 | 0.0 | In |
Put | 2024-05-03 PUT at $112.0 | -0.9536 | 0.0121 | 0 | 2024-05-03 | 12.8 - 17.5 | 11.9 | In |
Put | 2024-05-03 PUT at $113.0 | -0.9554 | 0.0111 | 0 | 2024-05-03 | 13.8 - 18.5 | 0.0 | In |
Put | 2024-05-03 PUT at $114.0 | -0.957 | 0.0103 | 0 | 2024-05-03 | 14.8 - 19.5 | 0.0 | In |
Put | 2024-05-03 PUT at $115.0 | -0.9536 | 0.0102 | 0 | 2024-05-03 | 15.85 - 20.5 | 0.0 | In |
Put | 2024-05-03 PUT at $116.0 | -0.9599 | 0.009 | 0 | 2024-05-03 | 16.8 - 21.5 | 0.0 | In |
Put | 2024-05-03 PUT at $117.0 | -0.9612 | 0.0084 | 0 | 2024-05-03 | 17.8 - 22.5 | 0.0 | In |
Put | 2024-05-03 PUT at $118.0 | -0.9623 | 0.008 | 0 | 2024-05-03 | 18.8 - 23.5 | 0.0 | In |
Put | 2024-05-03 PUT at $119.0 | -0.9633 | 0.0075 | 0 | 2024-05-03 | 19.8 - 24.5 | 0.0 | In |
Put | 2024-05-03 PUT at $120.0 | -0.9643 | 0.0071 | 0 | 2024-05-03 | 20.8 - 25.5 | 0.0 | In |
Put | 2024-05-03 PUT at $125.0 | -0.9683 | 0.0056 | 0 | 2024-05-03 | 25.8 - 30.5 | 0.0 | In |
Put | 2024-05-03 PUT at $130.0 | -0.9712 | 0.0046 | 0 | 2024-05-03 | 30.8 - 35.5 | 0.0 | In |
Put | 2024-05-03 PUT at $135.0 | -0.9734 | 0.0039 | 0 | 2024-05-03 | 35.8 - 40.5 | 0.0 | In |
Put | 2024-05-03 PUT at $140.0 | -0.9752 | 0.0034 | 0 | 2024-05-03 | 40.8 - 45.5 | 0.0 | In |
Wynn Resorts Total Stockholder Equity Over Time
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders. Total Stockholder Equity |
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Wynn Resorts Common Stock Shares Outstanding Over Time
The total number of shares of a company's common stock that are currently owned by all its shareholders. Common Stock Shares Outstanding |
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Wynn Total Stockholder Equity
Total Stockholder Equity |
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Wynn Resorts Corporate Directors
Wynn Resorts corporate directors refer to members of a Wynn Resorts board of directors. The board of directors generally takes responsibility for the Wynn Resorts' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Wynn Resorts' board members must vote for the resolution. The Wynn Resorts board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Margaret Myers | Independent Director | Profile | |
| John Hagenbuch | Independent Director | Profile | |
| Robert Miller | Presiding Independent Director | Profile | |
| Patricia Mulroy | Independent Director | Profile |
Already Invested in Wynn Resorts Limited?
The danger of trading Wynn Resorts Limited is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Wynn Resorts is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Wynn Resorts. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Wynn Resorts Limited is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Wynn Resorts Limited offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Wynn Resorts' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Wynn Resorts Limited Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Wynn Resorts Limited Stock: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wynn Resorts Limited. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
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When running Wynn Resorts' price analysis, check to measure Wynn Resorts' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wynn Resorts is operating at the current time. Most of Wynn Resorts' value examination focuses on studying past and present price action to predict the probability of Wynn Resorts' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wynn Resorts' price. Additionally, you may evaluate how the addition of Wynn Resorts to your portfolios can decrease your overall portfolio volatility.
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Is Wynn Resorts' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wynn Resorts. If investors know Wynn will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wynn Resorts listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 21.116 | Dividend Share 0.75 | Earnings Share 6.32 | Revenue Per Share 58.049 | Quarterly Revenue Growth 0.831 |
The market value of Wynn Resorts Limited is measured differently than its book value, which is the value of Wynn that is recorded on the company's balance sheet. Investors also form their own opinion of Wynn Resorts' value that differs from its market value or its book value, called intrinsic value, which is Wynn Resorts' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wynn Resorts' market value can be influenced by many factors that don't directly affect Wynn Resorts' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wynn Resorts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Wynn Resorts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wynn Resorts' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.