Mylan (MYL) Offering Possible 8.46% Return Over the Next 30 Calendar Days

Mylan's most recent trend suggests a bullish bias. One trading opportunity on Mylan is a Bull Put Spread using a strike $46.00 short put and a strike $41.00 long put offers a potential 8.46% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $46.00 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock dropped below the $41.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Mylan is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Mylan is bullish.

The RSI indicator is at 41.51 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Mylan

Mylan Launches First Generic Klor-Con® Extended-Release Tablets
Fri, 22 Aug 2014 11:30:00 GMT
PR Newswire – PITTSBURGH, Aug. 22, 2014 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL) today announced that it has launched Potassium Chloride Extended-release Tablets USP, 8 mEq (600 mg) and 10 mEq (750 mg), which is the …

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Thu, 21 Aug 2014 11:43:47 GMT

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Wed, 20 Aug 2014 19:01:00 GMT

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Wed, 20 Aug 2014 16:04:58 GMT

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