Wynn Resorts(US:WYNN) Benzinga·2025-10-10 19:01Core Insights - Investors have shown a bearish sentiment towards Wynn Resorts, with 70% of trades being bearish and only 25% bullish [1] - The price target for Wynn Resorts is projected between $105.0 and $155.0 based on recent options activity [2] - The average open interest for options stands at 3,798.4, with a total volume of 5,331.00 in the last 30 days [3] Options Trading Analysis - A total of 31 trades were detected for Wynn Resorts, with 27 being puts totaling $1,431,608 and 4 calls totaling $135,929 [1] - Significant bearish trades include a $161,000 put option with a strike price of $105.00 and a bullish trade of $95,100 with a strike price of $135.00 [9] - The options activity indicates a focus on the price range of $105.0 to $155.0 over the past quarter [2][3] Company Overview - Wynn Resorts operates luxury casinos and resorts, including properties in Macao and Las Vegas, and is expanding its non-gaming attractions [10][11] - The company is expected to open a managed integrated resort in the UAE by 2027 and has a digital sports betting platform [11] - In 2019, Wynn Resorts generated 76% of its EBITDA from Macao and 24% from the US, with projections for 2024 showing a 50% split between the two regions [11] Analyst Ratings - Analysts have set an average price target of $141.0 for Wynn Resorts, with individual targets from Morgan Stanley at $128, Goldman Sachs at $150, and Stifel at $145 [13][14] - The current trading price of Wynn Resorts is $120.19, reflecting a decrease of 2.72% [16]