# Bouncing Wynn Shares might be primed for the ‘wheel strategy’

- URL: https://talkfuse.com/story/bouncing-wynn-shares-might-be-primed-for-the-wheel-strategy/
- Published: 2026-11-11T18:24:53+00:00
- Updated: 2026-11-11T19:57:53+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/11/bouncing-wynn-shares-might-be-primed-for-the-wheel-strategy.html
- Topics: Business, Markets

## Key points

- Wynn’s high implied volatility may make option premiums attractive.
- The wheel strategy starts with cash-covered puts.
- Assigned shares can be paired with covered calls.

## Summary

The article argues that Wynn Resorts shares may suit an options approach known as the “wheel strategy”. With the next earnings report not due until February and implied volatility still high, the contributor says traders could collect option premiums while seeking to build or manage a shareholding.

The strategy begins with selling cash-covered puts below the current share price. If the shares remain above the chosen strike price until expiry, the trader keeps the premium; if they fall below it and the trader is assigned, they buy the shares. They can then sell covered calls against those shares, collecting further premiums until the shares are called away. The article’s contributor says Tidal holds the securities mentioned and notes the strategy is not suitable for everyone.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.