›››
Loading...
Loading...
Are WYNN options overpriced? VRP analysis compares implied volatility to realized volatility — currently +6.1pp.
Wynn Resorts — Your statistical edge in selling WYNN options, quantified
Wynn Resorts (WYNN) operates in the Consumer Discretionary sector and has actively traded listed options. WYNN options are overpriced — IV 30d at 40.3% vs 34.1% realized vol (+6.1pp spread). VRP sits at the 87th percentile. VRP of 6.1pp is below the Consumer Discretionary median of +12.4pp. WYNN premium selling conditions.
Base case: WYNN VRP at +6.1pp with earnings in 3 days — IV inflated by event premium; VRP edge clearer post-event.
Volatility Risk Premium (VRP) is the gap between implied volatility (what options pricing anticipates) and realized volatility (what the stock actually does). When VRP is positive, options are pricing more movement than the stock typically delivers — the canonical statistical edge premium sellers harvest. WYNN's current VRP is +6.1pp — IV 30d at 40.3% versus 20-day realized vol at 34.1%.
Wide positive VRP is the necessary condition for short-premium structures (cash-secured puts, credit spreads, iron condors, strangles) to carry their statistical advantage. When VRP is near zero or negative, premium selling becomes coin-flip-grade or worse — no structural edge to lean on. WYNN's VRP currently sits at the 87th percentile of its own history, firmly in the rich half — historically supportive of short-vol structures.
VRP rotates over time as markets reprice risk. For WYNN's expected price range derived from this volatility, see the WYNN expected move. For the 1-year IV percentile context, see the WYNN IV Rank analysis.
VRP in Context
Volatility risk premium = implied vol minus realized volatility. Positive VRP = options are overpriced.
Options are priced above recent realized movement, which can give premium sellers a statistical edge. A positive VRP means you're selling options for more than they're statistically worth.
Look at the VRP trend and percentile to decide if the edge is strong enough to trade.
VRP = IV 30d − RV 20d (annualized, in percentage points)ORATS 30-day implied volatility, ORATS close-to-close 20-day realized volatility
ORATS IV data + ORATS close-to-close HV 20d
VRP is backward-looking for RV and forward-looking for IV. A positive VRP does not guarantee profitable premium selling — it measures the current pricing gap, not future outcomes.
Hover the chart for daily IV / RV / VRP values.
See where WYNN VRP edge is strongest right now across short-dated tenors — pick the DTE with the best premium-selling edge.
DTE selection often matters more than strike. This view shows where the IV/RV gap is widest — your strongest edge is the tenor with the highest VRP.
$19/mo · vs $49–$99 for pro tools
7-day free trial · No card to start · Cancel anytime
90-day VRP history chart, percentile vs 252-day range, and VRP-optimized strategy matching — in active development.
This data is free for all users. No paywall — just not built yet.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
Wynn Resorts's Volatility Risk Premium stands at +6.1pp, placing it among the strongest selling opportunities in the current market. Implied volatility of 40.3% is significantly overpricing Wynn Resorts's actual realized movement of 34.1%. This gap — the VRP — represents the statistical edge that disciplined premium sellers capture over time. The wider this gap, the more the options market is overpaying for protection, and the larger the expected return for those willing to be the insurance provider.
Wynn Resorts's VRP of +6.1pp measures the difference between what the options market expects (40.3% implied) and what is actually occurring (34.1% realized). Premium sellers profit when this gap is positive — they collect more in premium than the stock's movement costs them. VRP varies over time and across stocks, which is why monitoring it daily helps traders identify when conditions shift in or out of their favor.
Wynn Resorts's VRP has been relatively stable over recent trading days, fluctuating around +6.1pp without a clear directional trend. Stable VRP environments are workable for premium sellers — the edge is predictable and strategies can be sized consistently. The key risk in stable VRP periods is complacency: a sudden catalyst (earnings, macro event, sector rotation) can compress or expand VRP rapidly, so maintaining defined-risk structures and stop-loss discipline remains important even when conditions appear steady.
Yes — significantly overpriced. Wynn Resorts's VRP of +6.1pp means implied volatility (40.3%) exceeds realized volatility (34.1%). Premium sellers profit when this spread is positive.
Wynn Resorts's VRP is currently +6.1pp, derived from the difference between implied volatility (40.3%) and realized volatility (34.1%). A positive VRP of this magnitude means options are meaningfully overpriced relative to actual stock movement — this is the core edge that premium sellers harvest.
Yes — Wynn Resorts's VRP of +6.1pp is in the favorable zone. The options market is significantly overestimating future volatility, creating a statistical edge for sellers. Stable trend suggests consistent conditions for selling. Caveat: with earnings approaching in 3 days, use defined-risk strategies.
Wynn Resorts's VRP is at the 87th percentile of its 252-day range — this is an unusually strong selling opportunity. VRP at this level occurs roughly 13% of the time, making current conditions notably better than average for premium harvesting.
IV Rank tells you if Wynn Resorts's options are expensive compared to their own history — currently 26.8%. VRP tells you if they're expensive compared to what the stock ACTUALLY does — currently +6.1pp. Low IV Rank but positive VRP means premiums are cheap by history but still overpriced vs realized movement.
With earnings in approximately 3 days, Wynn Resorts's VRP should be interpreted carefully. Pre-earnings VRP often appears inflated because implied volatility spikes in anticipation of the binary event while realized vol may still be subdued. This isn't the same structural overpricing that premium sellers can reliably capture — it's event premium that will resolve in one direction after the announcement. If selling premium through earnings, use defined-risk strategies and accept that the VRP "edge" includes genuine gap risk.
Wynn Resorts's RV Ratio of 0.85 shows calming volatility — the stock is moving less than its recent baseline. Combined with a VRP of +6.1pp, this is an ideal setup: realized risk is declining while implied volatility (and therefore premiums) haven't fully adjusted down. Premium sellers collect premiums based on the market's fear level while the stock's actual behavior is becoming more subdued. This is the classic "sell expensive insurance during calm weather" setup.