Wynn Resorts Limited (WYNN) Options Positioning, Max Pain & Unusual Sweeps

Per the Roarable RQD rating, WYNN scores 54 out of 100, a letter grade of D+, with the verdict "Roarable Sell — Weak Fundamentals / Trim." The five pillars are: Fundamental Cash Engine at 11/20 (ROIC 10%; FCF yield 9.06%), Whale 13F Flow at 5/20 (institutional accumulation and options positioning), Insider Conviction at 16/20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 10/20 (Beta 1.08; sector sensitivity), and Forensic Balance Sheet at 12/20 (Altman Z 0.71; Piotroski F 8/9; Debt/Equity 0.85).

For a prospective investor evaluating the stock today, the pillar mix is uneven. The strongest pillar is insider conviction, which the rating reads as a positive signal, while the weakest is institutional flow at 5/20, suggesting limited 13F-based accumulation support. The cash engine and macro fit pillars sit in the middle of their ranges, so the upside case rests mainly on cash generation and insider activity rather than on broad institutional endorsement. The forensic balance sheet pillar is mid-range despite a strong Piotroski reading, because the Altman Z-Score of 0.71 signals financial-distress risk that offsets the other balance-sheet strengths. Valuation tradeoffs are visible in the market data: trailing P/E of 23.3 compares with a forward P/E of 19.6, implying expected earnings improvement per the market data, while EV/EBITDA of 10 and a stock price well below its 52-week high ($134.72) frame the stock as having fallen substantially. The rating's verdict of "Trim" indicates the scoring framework does not view the current setup favorably on a risk-adjusted basis. This is educational analysis, not personalized financial advice.

Per the SEC financials, net income declined from $730.0M in FY 2023 to $501.1M in FY 2024 and $327.3M in FY 2025, while free cash flow fell from $1247.9M to $1006.3M to $692.2M over the same period. Per the market data, the operating margin is 52.3%, the net margin is 15.3%, and the gross margin is listed as 0%. ROIC is 10%. Per the Roarable RQD rating, the Altman Z-Score is 0.71 and the Piotroski F-Score is 8/9, with a Debt/Equity ratio of 0.85. Reported debt rose from $983.5M in FY 2023 to $10537.4M in FY 2025, while cash fell from $2426.2M in FY 2024 to $1463.4M in FY 2025.

• Market wire (yellow): Multiple items from Yahoo! Finance Canada, Seeking Alpha, Investing.com, and Yahoo Finance Australia cover general WYNN market action and fundamental catalysts; the item from Investing.com reports the stock hit a 52-week low at 74.04 USD.
• Risk watch (red): A TradingView item reports a 12-month price target cut to $125.1, which the headline states implies 65% upside.
• Scheduled event: A Stock Titan item reports third-quarter results are due Nov. 5, with a call following at 1:30 p.m. PT.
• Proprietary signals: None are listed in the Butterfly Supply-Chain Graph.

• What is the revenue figure for each reported period, given that the financials list $0.0M across all three years?
• What explains the gap between debt of $10537.4M in FY 2025 and the Altman Z-Score of 0.71 relative to the Piotroski F-Score of 8/9?
• What are the specific holders and 13F positions behind the Whale 13F Flow pillar score of 5/20?
• What are the analyst consensus rating and price target details, given the single news item referencing a cut to $125.1?
• Why is EPS reported as N/A for all three fiscal years despite a stated EPS (TTM) of 3.18?