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.

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Jim Rickards’ Countdown to Crisis

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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