A Short Trade With Large Potential...READ MORE
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| A Short Trade With Large Potential | | Earnings season brings hope for many traders. This was especially true for shareholders of Wynn, the casino operator. Barron's noted "the stock had a dismal 2018, along with fellow gaming companies MGM Resorts International and Las Vegas Sands, as worries about China's economy and currency led to a slump in lower gross gaming revenue, or GGR, in Macau. Add that to with allegations of sexual harassment against co-founder and CEO Steve Wynn—who denied the charges and cashed out of the company in March—and it's not surprising that Wynn is still working off last year's woes, with the shares down 33.6%.
Trade tensions have of course taken a toll, but if the tariff situation can finally be resolved, some speculate that could be a boom for Macau, and operators like Wynn that are invested there."
The earnings report, as we explain in our latest article, did little to lift the spirits of the beleaguered share-holders. But short-term traders could benefit from a trade we detail which had a potential return of more than 90% with risk of less than $300 based on recent market prices.
We have the details of the strategy, a link to where you can learn more from an industry group and the specific trade details in our latest free educational article that is available right here...
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