WYNNWynn Resorts Ltd
Options Analysis Report•HOTELS & MOTELS
Market Cap $11.4B|NASDAQ
● 2026-04-17$109.19
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +45.7%YTD -10.9%7D +5.0%
Options Vol
1,357
30D
Implied Move
±12.0%
IV Rank
32%
WYNN Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.8
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 69.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.21x — IV premium over HV
Sector Relative≤50%
Sector percentile 59% — above sector median
Term Structure
<1.1xFront/Back 1.01x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 41.9% — normal range
Spread-Adjusted Value
<80%Effective IV 78.9% (ATM 41.9% + spread 18.5% + bias) — fair
Execution Efficiency
<3.0%Total drag 27.00% (spread 18.50% + slippage 8.50%) — high friction
Vega Efficiency
≥5.0Vega efficiency 28.09 (vega 51.962 / spread 18.50%) — efficient
Sentiment
Bullish or bearish?
5.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -15%, Raw: -13%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -15% (bearish) — Raw: -13%
OI Skew Magnitude
≥15%|OI skew| 46.9% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +8.3%, OI skew +46.9% — weak (same direction)
Conviction Quality
≥2/3 conditions0-DTE 16%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -73%, ATM: +10%, OTM: -18% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 56% — bearish vs sector
Activity
Unusual activity?
2.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.2x avg — normal
Turnover Rate
≥15%Vol/OI 0.5% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +6.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 0% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 33% — patient
Flow Conviction
≥30Conviction -15 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 18.5% — wide
Adequate OI
≥10,000OI 294,629 — deep
Active Volume
≥500Volume 1,357/day — adequate
Reasonable Cost
≤$0.50$0.93 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 60% — wider than sector
Order Book Depth
≥100 contractsDepth 126.7 contracts (bid:66.7 ask:60.0) — adequate
Execution Quality
<1.0%Avg slippage 8.50% — poor
Timing
Is now a good time?
6.6
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks4/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +1.3% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 69% — neutral
Event Detection
≥10pts kinkIV kink -0.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 2637.65 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 20d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -15% @ 57% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.3
bullishIV fair, mixed flow
Long Puts5.2
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.7
bullishIV fair, mixed flow
Covered Call4.6
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.