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Trader bets $3.5 million that Wynn could soar another 16% by spring

Tyler Bailey

Wynn Resorts has been a big winner in the recent market rally. Wynn calls traded at six times their average daily volume on Tuesday, highlighting a surge in positive sentiment around a company that was mired in scandal for much of 2018. One trader in particular seems to think Wynn is headed for a huge breakout, as broken down by RiskReversal.com's Dan Nathan.