Tilman J. Fertitta Sells $3.19M in Wynn Resorts Call Options
WYNN sits 29% above its 52-week low of $83.45.
Summary
10% owner Tilman J. Fertitta sold $3.19 million in call options, continuing a pattern of reducing his upside exposure to Wynn Resorts stock.
Key Events · Ownership and Investor Activity · WYNN
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Insider Sells Call Options
Tilman J. Fertitta, a 10% owner, sold call options worth $3,189,008 across three transactions on June 9-10, 2026.
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Continued Reduction in Exposure
This sale follows previous transactions in May and early June where Fertitta also sold significant amounts of call options, indicating a consistent strategy to reduce his bullish position or hedge.
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Derivative Transaction Details
The sale involves derivative securities (call options) with strike prices ranging from $118 to $122 and an expiration date of December 18, 2026.
Analysis · WYNN · Real Estate & Construction
Tilman J. Fertitta, a 10% owner, sold $3.19 million worth of call options on Wynn Resorts stock. This transaction, following similar sales in recent weeks, indicates a continued reduction in his bullish exposure or a hedging strategy against potential upside. While not a direct sale of common stock, selling call options suggests a less optimistic outlook on the stock's future price appreciation.
At the time of this filing, WYNN was trading at $107.75 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $11.2B. The 52-week trading range was $83.45 to $134.72. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.