WYNN looks to have peaked at a time China is slowing down.
WYNN is at an inflection point and pressure to the downside seems more likely. General Market direction will play a key role in WYNN's movement.
Is it a healthy consolidation on a long term uptrend. Or will exposure to China and reliance from the consumer put pressure on margins and rapidly decrease growth.
BUY MARCH 185 PUTS@ 25
SELL the March 195 CALLS @ 1.30
WYNN is at an inflection point and pressure to the downside seems more likely. General Market direction will play a key role in WYNN's movement.
Is it a healthy consolidation on a long term uptrend. Or will exposure to China and reliance from the consumer put pressure on margins and rapidly decrease growth.
BUY MARCH 185 PUTS@ 25
SELL the March 195 CALLS @ 1.30
