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










