Latest Insider Trading
Filed: 2026-04-21
Key Insights
- Tilman Fertitta sold 246,000 call options (obligation to sell) with a strike price of $125 per share, expiring on 11/20/2026, representing a significant covered call strategy on WYNN stock.
- The transaction occurred on 04/17/2026 with the filing dated 04/21/2026, indicating a recent option position taken by the major 10% owner and Director of Wynn Resorts.
- The call options are structured indirectly through Fertitta Entertainment, LLC, demonstrating complex ownership structure typical of substantial shareholders managing large equity positions.
- The $125 strike price on the call options suggests the executive expects WYNN stock to remain relatively stable or potentially decline from current levels through November 2026, as covered calls are typically used when expecting limited upside movement.