Did someone make a big blunder trading thousands of options contracts for Wynn Resorts (WYNN)? It’s hard to imagine that being the case considering that we’re talking about the “smart” money. Still, we’re all humans and mistakes do happen. Here’s the lowdown.
On paper, Wynn Resorts seems a great buying opportunity. As sports fans may know, the Formula One circus – the premier international motor sports event – will be arriving in Las Vegas later this week. Per The Atlantic, an F1 race averaged 1.21 million viewers during the 2022 season, a 28% increase from the year-ago viewership average.
