Wynn Resorts is finding some relative strength within its industry while Las Vegas Sands (LVS) continues to trade near its lows. However, LVS is up over 100% from its $2.94 low, I still like WYNN's business better. Because of the risks associated with a Consumer Discretionary stock, I am suggesting that we sell one half of the position now and the rest if the stock dips down to $42.3, which is the 21 day EMA (shown below by the magenta line). The Put option of choice is the JAN 35 PUT (UWY MG) for $1.30 per contract. The technical stop is at $39 or Monday's low.