Sell Alert: Book Gains on Wynn Resorts Puts
Wynn’s stock fluctuates wildly on perceptions of Chinese consumer spending, outbound travel, and U.S.-China economic relations. Macau’s government has shut down the casino capital of Asia this week on COVID fears. WYNN stock has more downside, but our thesis has played out in the nick of time, ahead of expiration this Friday. Let’s take a nice gain after a wild ride.