WYNN240517P00135000 Option on Wynn Resorts Limited
| WYNN Stock | USD 92.48 0.88 0.94% |
Wynn Resorts' latest option contracts expiring on 2024-06-07 are carrying combined implied volatility of 49.14 with a put-to-call open interest ratio of 0.47 over 84 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on 2024-06-07. The current put volume is at 484, with calls trading at the volume of 715. This yields a 0.68 put-to-call volume ratio.
Open Interest Against 2024-06-07 Option Contracts
2024-06-07
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 2024-06-07 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' 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.
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 closely tied 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 6th of June 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 3.07% per day over the life of the 2024-06-07 option contract. With Wynn Resorts trading at USD 92.48, that is roughly USD 2.84. 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 49.14%. 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 | 2024-06-07 CALL at $55.0 | 0.9213 | 0.0035 | 0 | 2024-06-07 | 36.25 - 40.15 | 0.0 | In |
Call | 2024-06-07 CALL at $60.0 | 0.9139 | 0.0045 | 0 | 2024-06-07 | 31.25 - 35.0 | 0.0 | In |
Call | 2024-06-07 CALL at $65.0 | 0.8958 | 0.0058 | 0 | 2024-06-07 | 26.25 - 30.15 | 0.0 | In |
Call | 2024-06-07 CALL at $70.0 | 0.9019 | 0.0075 | 0 | 2024-06-07 | 21.8 - 24.55 | 0.0 | In |
Call | 2024-06-07 CALL at $75.0 | 0.8727 | 0.0105 | 0 | 2024-06-07 | 16.6 - 19.75 | 0.0 | In |
Call | 2024-06-07 CALL at $80.0 | 0.8917 | 0.0151 | 7 | 2024-06-07 | 11.8 - 14.05 | 14.8 | In |
Call | 2024-06-07 CALL at $81.0 | 0.8982 | 0.0162 | 0 | 2024-06-07 | 12.0 - 13.85 | 0.0 | In |
Call | 2024-06-07 CALL at $82.0 | 0.898 | 0.0179 | 0 | 2024-06-07 | 11.0 - 12.75 | 0.0 | In |
Call | 2024-06-07 CALL at $83.0 | 0.8856 | 0.0203 | 0 | 2024-06-07 | 10.05 - 11.8 | 0.0 | In |
Call | 2024-06-07 CALL at $84.0 | 0.8979 | 0.0221 | 0 | 2024-06-07 | 9.0 - 10.55 | 0.0 | In |
Call | 2024-06-07 CALL at $85.0 | 0.8756 | 0.026 | 1 | 2024-06-07 | 8.0 - 9.75 | 8.55 | In |
Call | 2024-06-07 CALL at $86.0 | 0.7716 | 0.0269 | 65 | 2024-06-07 | 5.5 - 8.95 | 7.85 | In |
Call | 2024-06-07 CALL at $87.0 | 0.879 | 0.0347 | 0 | 2024-06-07 | 6.05 - 7.4 | 0.0 | In |
Call | 2024-06-07 CALL at $88.0 | 0.8712 | 0.042 | 4 | 2024-06-07 | 5.1 - 6.3 | 9.88 | In |
Call | 2024-06-07 CALL at $89.0 | 0.9519 | 0.0368 | 0 | 2024-06-07 | 4.15 - 4.7 | 0.0 | In |
Call | 2024-06-07 CALL at $90.0 | 0.728 | 0.0556 | 33 | 2024-06-07 | 2.91 - 4.4 | 2.97 | In |
Call | 2024-06-07 CALL at $91.0 | 0.8358 | 0.0993 | 37 | 2024-06-07 | 2.39 - 2.82 | 2.59 | In |
Call | 2024-06-07 CALL at $92.0 | 0.7547 | 0.1546 | 118 | 2024-06-07 | 1.55 - 1.79 | 1.38 | In |
Call | 2024-06-07 CALL at $93.0 | 0.5775 | 0.1946 | 644 | 2024-06-07 | 0.93 - 1.01 | 1.0 | In |
Call | 2024-06-07 CALL at $94.0 | 0.3768 | 0.1964 | 935 | 2024-06-07 | 0.47 - 0.53 | 0.42 | Out |
Call | 2024-06-07 CALL at $95.0 | 0.2068 | 0.1464 | 637 | 2024-06-07 | 0.2 - 0.25 | 0.18 | Out |
Call | 2024-06-07 CALL at $96.0 | 0.0973 | 0.0867 | 1290 | 2024-06-07 | 0.07 - 0.11 | 0.09 | Out |
Call | 2024-06-07 CALL at $97.0 | 0.0613 | 0.0529 | 971 | 2024-06-07 | 0.02 - 0.06 | 0.06 | Out |
Call | 2024-06-07 CALL at $98.0 | 0.032 | 0.0296 | 1156 | 2024-06-07 | 0.01 - 0.06 | 0.03 | Out |
Call | 2024-06-07 CALL at $99.0 | 0.0344 | 0.0256 | 701 | 2024-06-07 | 0.01 - 0.6 | 0.04 | Out |
Call | 2024-06-07 CALL at $100.0 | 0.0183 | 0.0148 | 793 | 2024-06-07 | 0.02 - 0.03 | 0.02 | Out |
Call | 2024-06-07 CALL at $101.0 | 0.0165 | 0.0121 | 587 | 2024-06-07 | 0.01 - 0.02 | 0.02 | Out |
Call | 2024-06-07 CALL at $102.0 | 0.0151 | 0.0101 | 197 | 2024-06-07 | 0.0 - 0.03 | 0.02 | Out |
Call | 2024-06-07 CALL at $105.0 | 0.0122 | 0.0066 | 41 | 2024-06-07 | 0.0 - 1.27 | 0.02 | Out |
Call | 2024-06-07 CALL at $106.0 | 0.0066 | 0.0039 | 4 | 2024-06-07 | 0.0 - 0.22 | 0.01 | Out |
Call | 2024-06-07 CALL at $110.0 | 0.0325 | 0.009 | 140 | 2024-06-07 | 0.0 - 0.1 | 0.1 | Out |
Put | 2024-06-07 PUT at $80.0 | -0.0054 | 0.0027 | 138 | 2024-06-07 | 0.0 - 0.03 | 0.01 | Out |
Put | 2024-06-07 PUT at $87.0 | -0.0174 | 0.0136 | 102 | 2024-06-07 | 0.01 - 0.03 | 0.04 | Out |
Put | 2024-06-07 PUT at $88.0 | -0.0682 | 0.035 | 50 | 2024-06-07 | 0.03 - 0.2 | 0.05 | Out |
Put | 2024-06-07 PUT at $89.0 | -0.0451 | 0.0357 | 124 | 2024-06-07 | 0.01 - 0.08 | 0.05 | Out |
Put | 2024-06-07 PUT at $90.0 | -0.0679 | 0.0565 | 512 | 2024-06-07 | 0.05 - 0.09 | 0.07 | Out |
Put | 2024-06-07 PUT at $91.0 | -0.1239 | 0.0975 | 303 | 2024-06-07 | 0.11 - 0.15 | 0.21 | Out |
Put | 2024-06-07 PUT at $92.0 | -0.2353 | 0.1585 | 704 | 2024-06-07 | 0.25 - 0.29 | 0.34 | Out |
Put | 2024-06-07 PUT at $93.0 | -0.4182 | 0.2074 | 421 | 2024-06-07 | 0.54 - 0.62 | 0.7 | Out |
Put | 2024-06-07 PUT at $94.0 | -0.6301 | 0.2053 | 381 | 2024-06-07 | 1.04 - 1.15 | 1.3 | In |
Put | 2024-06-07 PUT at $95.0 | -0.7438 | 0.133 | 582 | 2024-06-07 | 1.71 - 2.03 | 2.0 | In |
Put | 2024-06-07 PUT at $96.0 | -0.8237 | 0.0943 | 159 | 2024-06-07 | 2.58 - 2.96 | 2.89 | In |
Put | 2024-06-07 PUT at $97.0 | -0.9785 | 0.0329 | 53 | 2024-06-07 | 3.45 - 4.05 | 3.65 | In |
Put | 2024-06-07 PUT at $98.0 | -0.9304 | 0.0443 | 11 | 2024-06-07 | 4.4 - 5.05 | 5.16 | In |
Put | 2024-06-07 PUT at $99.0 | -0.8816 | 0.0438 | 49 | 2024-06-07 | 4.25 - 5.95 | 5.89 | In |
Put | 2024-06-07 PUT at $100.0 | -0.8869 | 0.0371 | 18 | 2024-06-07 | 5.2 - 8.4 | 6.91 | In |
Put | 2024-06-07 PUT at $101.0 | -0.9494 | 0.0237 | 0 | 2024-06-07 | 7.45 - 8.0 | 7.82 | In |
Put | 2024-06-07 PUT at $102.0 | -0.9533 | 0.0202 | 0 | 2024-06-07 | 8.45 - 9.0 | 8.89 | In |
Put | 2024-06-07 PUT at $103.0 | -0.9484 | 0.0192 | 0 | 2024-06-07 | 9.45 - 10.05 | 0.0 | In |
Put | 2024-06-07 PUT at $104.0 | -0.9678 | 0.0135 | 0 | 2024-06-07 | 9.25 - 12.15 | 0.0 | In |
Put | 2024-06-07 PUT at $105.0 | -0.8934 | 0.0217 | 0 | 2024-06-07 | 10.55 - 12.05 | 0.0 | In |
Put | 2024-06-07 PUT at $106.0 | -0.9713 | 0.0107 | 2 | 2024-06-07 | 12.5 - 12.9 | 8.5 | In |
Put | 2024-06-07 PUT at $107.0 | -0.9525 | 0.0133 | 0 | 2024-06-07 | 13.5 - 14.05 | 0.0 | In |
Put | 2024-06-07 PUT at $108.0 | -0.9604 | 0.0113 | 0 | 2024-06-07 | 14.45 - 15.05 | 0.0 | In |
Put | 2024-06-07 PUT at $109.0 | -0.962 | 0.0104 | 0 | 2024-06-07 | 15.5 - 16.0 | 0.0 | In |
Put | 2024-06-07 PUT at $110.0 | -0.9929 | 0.0032 | 0 | 2024-06-07 | 16.35 - 16.95 | 0.0 | In |
Put | 2024-06-07 PUT at $115.0 | -0.9439 | 0.0096 | 0 | 2024-06-07 | 21.15 - 21.9 | 0.0 | In |
Put | 2024-06-07 PUT at $120.0 | -0.957 | 0.007 | 0 | 2024-06-07 | 24.9 - 28.8 | 0.0 | In |
Put | 2024-06-07 PUT at $125.0 | -0.9611 | 0.0057 | 0 | 2024-06-07 | 29.9 - 33.8 | 0.0 | In |
Put | 2024-06-07 PUT at $130.0 | -0.9642 | 0.0048 | 0 | 2024-06-07 | 34.9 - 38.8 | 0.0 | In |
Put | 2024-06-07 PUT at $135.0 | -0.9666 | 0.0042 | 0 | 2024-06-07 | 39.9 - 43.8 | 0.0 | In |
Put | 2024-06-07 PUT at $140.0 | -0.966 | 0.0039 | 0 | 2024-06-07 | 45.0 - 48.75 | 0.0 | In |
Wynn Resorts Selling And Marketing Expenses Over Time
Selling And Marketing Expenses |
| Timeline |
Wynn Total Stockholder Equity
Total Stockholder Equity |
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Wynn Resorts Corporate Management
| Julie CameronDoe | Chief Officer | Profile | |
| Robert Amerine | Vice Finance | Profile | |
| Rose Huddleston | VP America | Profile | |
| DeRuyter Butler | LLC Development | Profile | |
| Dean Lawrence | LLC Vegas | Profile |
Additional Information and Resources on Investing in Wynn Stock
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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Hotels, Restaurants & Leisure space 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 1 | Earnings Share 7.64 | Revenue Per Share 62.192 | Quarterly Revenue Growth 0.309 |
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.