Fertitta Is Selling $3.2M in Wynn Options While Closing a $17.6B Casino Deal. Follow the Cash.
Fertitta entities have now sold call options on nearly 2.5 million Wynn shares since May, collecting premiums while capping upside at $118-$122. When the largest individual shareholder systematically monetizes his position during the same weeks he's buying Caesars for $17.6 billion, the capital structure math gets interesting fast.