Wynn

[lemonjello]

Anybody have an opinion on WYNN here?

Even though it just blasted up I'm thinking higher.

[Runner]

Anybody have an opinion on WYNN here?

Even though it just blasted up I'm thinking higher.

WYNN has really melted up here and looks very bullish. I don’t buy breakouts but I come up a price target of around 104 longer term. Nice eye as I might see how it acts during a pullback.

[Runner]

This is were it first caught my eye but hindsight is 20/20... http://www.mrmarketishuge.com/showpo...&postcount=275

[alice4321us]

Dividend

They issued $6 dividend for sharholders on record as of 23 Nov payable on Dec 4. Now does that mean if I buy shares of wynn on 22 Nov and hold it for a couple days and sell. I would get 6/share regardless??

[skiracer]

They issued $6 dividend for sharholders on record as of 23 Nov payable on Dec 4. Now does that mean if I buy shares of wynn on 22 Nov and hold it for a couple days and sell. I would get 6/share regardless??

I think that 6 divy will bring alot of people like yourself out of the woodwork to buy just for the 6 between now and Nov. 23. That alone will be pushing the price up somewhat but watchout on Nov. 24 after everyone of record has their check because they usually fall afterwards and you might end up paying more initially during the period in front of the divy and getting less for the stock after the divy. It looks attractive at first glance but be careful. I would wait until as close to the date as possible if I were going to make the play. I think you can go right up to the wire.

[New-born baby]

Anybody have an opinion on WYNN here?

Even though it just blasted up I'm thinking higher.

Nice pop, but I would not buy WYNN at this price. One reason is the "Long Tail Up" on the PnF. It is a warning that the stock is setting up for a short.

WYNN has a very bullish chart, but the danger suggests an option play is much safer. And Alice, once that $6 divy is paid, the stock price will adjust South at least $6, and probably $10+.

[alice4321us]

Thanks Ski & NBB

I will wait till 22nd to buy and will seel first thing on 24th.

[skiracer]

I will wait till 22nd to buy and will seel first thing on 24th.

I would be real careful here with this one. I think it is setting up for a decent short play very soon. I would be watching it for a short side play rather than anything long right here.

[JohnHenry]

From my reading and what I was asking when ALJ was paying an ex-dividend back in August.

For Wynn, you have to purchased the stock by November 21 (Tuesday) and hold it through December 4th to get the $6 dividend per share. So on the day of the paid dividend, what ever the closing price was for December 1 will be offset by minus $6 for December 4 (Monday) opening price.

I think most people will drive the prices up for the new comers and they will exit without taking the dividend. But I could be wrong….anyone?

http://smartdividend.com/?p=206

[alice4321us]

Not Sure

From my reading and what I was asking when ALJ was paying an ex-dividend back in August.

For Wynn, you have to purchased the stock by November 21 (Tuesday) and hold it through December 4th to get the $6 dividend per share. So on the day of the paid dividend, what ever the closing price was for December 1 will be offset by minus $6 for December 4 (Monday) opening price.

I think most people will drive the prices up for the new comers and they will exit without taking the dividend. But I could be wrong….anyone?

http://smartdividend.com/?p=206

I am not sure if that is true, I have held stocks for a day or two to get the dividend and then gotten out. I think you Hold WYNN on Nov 23 and get the divy.

[rrrhumba]

Wynn

I agree with NBB and StkyTreat on this one. I think you would be setting yourself up for an assured loss as the price will be adjusted and the "agile" bail out pre-divy. This isn't just a nice pop in the price. It's a very out of the ordinary move. What ever the price was before the divy announcement, that's where it will be before the average investor can get his money out.
Playing the short sounds like a good idea.
rrrhumba

[New-born baby]

QUOTE=rrrhumba;71871]I agree with NBB and StkyTreat on this one. I think you would be setting yourself up for an assured loss as the price will be adjusted and the "agile" bail out pre-divy. This isn't just a nice pop in the price. It's a very out of the ordinary move. What ever the price was before the divy announcement, that's where it will be before the average investor can get his money out.
Playing the short sounds like a good idea.
rrrhumba[/QUOTE]


And the short would be to SELL the DEC out of the money calls. Right now, the DEC $90 call is selling for only $.90 more than the stock price, while the put is outlandish! The $90 PUT is a whopping $5.40. That means that if you bought the stock here at $93.50, and then paid $5.40 for a $90 put, you'd be in the hole $7.80 per share just to get $90 back when the ex-divy comes.

The best play is to sell the out of the money calls for NOV or DEC or JAN and let WYNN eat dirt.

[lemonjello]

Bailed on WYNN a few hours ago after a nice ride.

It's still got crazy potential minting money in its Macau operations. I'll wait for now.

[New-born baby]

Bailed on WYNN a few hours ago after a nice ride.

It's still got crazy potential minting money in its Macau operations. I'll wait for now.

Do you realize that WYNN has the cheapest options of all the stocks in the option universe? Interpretation: nobody believes this one is going much higher.

[lemonjello]

Are you saying WYNN is going up or down?

What's valuation are you talking about? Do you trade that theory? Does it make money?

Do you realize that WYNN has the cheapest options of all the stocks in the option universe? Interpretation: nobody believes this one is going much higher.