Some caution is in order, though, since ordinarily I like going 45 days out and WYNN's are due to be announced on 2/2, so I want any setup to expire somewhat before that so I don't get caught in a expansion (that being said, how much more can it expand?).
Here's the setup (which I'll look to take off somewhat in advance of expiry), since it's getting in a bit tight to earnings:
Jan 22nd 45/77 short strangle
POP%: 79% (ridiculous, quite frankly for a play that is nearly worth 2.00 in credit)
Max Profit: $196/contract