HomeLifestyleTravel & LeisureWynn Resorts (WYNN) Stock Jumps After Billionaire Takes Passive Stake
Wynn Resorts (WYNN) Stock Jumps After Billionaire Takes Passive Stake

Wynn Resorts (WYNN) stock is higher after billionaire Tilman Fertitta takes a 6.1% passive stake. Alex Coffey and Jenny Horne discuss this move. They talk about why stocks could react this way when wealthy investors disclose stakes. They also go over how Macau Casinos reinstated its Covid lockdown measures this weekend. Alex then demonstrates an example trade using WYNN. The trade type is buy a call condor and the direction is bullish. Tune in to find out more about the stock market today.

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