WYNN · Wheel

Wynn Resorts, Limited (WYNN) wheel

The cash-secured put → assigned shares → covered call cycle for this ticker.

$74.21
Modelled strike
$68.00
Modelled premium
$0.50
Cash required
$6,800.00
Breakeven
$67.50
Downside buffer
9.0%
Period return
0.7%
Annualized return
47.0%
Days to expiration
7
Strategy payoffModelled cash-secured put payoff. Spot $74.21. Expiry maximum profit $50.00 · Expiry maximum loss -$6,750.00 · Expiry breakevens $67.50. Total position fees $0.00 deducted once. Intrinsic at the common expiration; IV/time never alters expiry P/L. No early exercise, assignment, slippage, dividends or taxes modeled.

Update time unavailable

Loading graph — the exact table is available below.

$37.105: Expiration P/L: -$3,039.50 Update time unavailable
Event / reference markers
  • Spot: $74.21
  • Expiry breakeven $67.50: $67.50
  • sell put strike $68.00: $68.00
Exact data table

Strategy payoff · full stored dataset, independent of graph range/toggles

ObservationExpiration P/L (USD)ContextUpdated
-$3,039.50Update time unavailable
-$2,965.29Update time unavailable
-$2,891.08Update time unavailable
-$2,816.87Update time unavailable
-$2,742.66Update time unavailable
-$2,668.45Update time unavailable
-$2,594.24Update time unavailable
-$2,520.03Update time unavailable
-$2,445.82Update time unavailable
-$2,371.61Update time unavailable
-$2,297.40Update time unavailable
-$2,223.19Update time unavailable
-$2,148.98Update time unavailable
-$2,074.77Update time unavailable
-$2,000.56Update time unavailable
-$1,926.35Update time unavailable
-$1,852.14Update time unavailable
-$1,777.93Update time unavailable
-$1,703.72Update time unavailable
-$1,629.51Update time unavailable
-$1,555.30Update time unavailable
-$1,481.09Update time unavailable
-$1,406.88Update time unavailable
-$1,332.67Update time unavailable
-$1,258.46Update time unavailable
-$1,184.25Update time unavailable
-$1,110.04Update time unavailable
-$1,035.83Update time unavailable
-$961.62Update time unavailable
-$887.41Update time unavailable
-$813.20Update time unavailable
-$738.99Update time unavailable
-$664.78Update time unavailable
-$590.57Update time unavailable
-$516.36Update time unavailable
-$442.15Update time unavailable
-$367.94Update time unavailable
-$293.73Update time unavailable
-$219.52Update time unavailable
-$145.31Update time unavailable
-$71.10Update time unavailable
$0.00Update time unavailable
$3.11Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Spot referenceUpdate time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
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$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
$50.00Update time unavailable
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$50.00Update time unavailable

Black-Scholes from the published at-the-money implied volatility (one expected move out of the money). If assigned you buy 100 shares at the strike, an effective $67.50 per share after premium; the shares can keep falling.

Stage C would sell a $81.00 call for about $0.57, lowering the effective basis further.

Next steps

Data provenance

Figures are from published, reviewed research as of Oct 29, 2026, 4:00 PM EDT. Modelled option premiums use Black-Scholes with the published at-the-money implied volatility and are labelled as modelled, not as live quotes.