Wynn Resorts (NASDAQ: WYNN) closed at $107.75 Monday.
WYNN is scheduled to report Q1 EPS after the close on May 1.
Deutsche Bank says: "At current levels, we believe WYNN shares do not reflect its entire pipeline (expansion at Wynn Macau, a Cotai resort and the development of the Las Vegas golf course) or potential to participate in new gaming jurisdictions."
WYNN April option implied volatility of 60 is above its 26-week average of 54 according to Track Data, suggesting larger price movement.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Oil, the stock market and economic inconsistency
Is there a Bernie Madoff in your portfolio?
New McDonald's to include recharging stations for electric cars
