Altera (ALTR) Offering Possible 5.26% Return Over the Next 12 Calendar Days

Altera's most recent trend suggests a bullish bias. One trading opportunity on Altera is a Bull Put Spread using a strike $36.00 short put and a strike $31.00 long put offers a potential 5.26% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $36.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $31.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Altera 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 Altera is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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 Altera

Altera Demonstrating FPGA-based Data Center Solutions at Intel Developers Forum 2014
Mon, 08 Sep 2014 20:30:00 GMT
PR Newswire – SAN JOSE, Calif., Sept. 8, 2014 /PRNewswire/ — Altera Corporation (Nasdaq: ALTR) is demonstrating several advanced reconfigurable logic technologies at the Intel Developers Forum (IDF) 2014 that showcase …

Fuji Xerox Recognizes Altera with 2014 Premier Partner Award
Tue, 02 Sep 2014 12:00:00 GMT
PR Newswire – SAN JOSE, Calif., Sept. 2, 2014 /PRNewswire/ — Altera Corporation (Nasdaq: ALTR) today announced it has been recognized as a 2014 Premier Partner by Fuji Xerox Co., Ltd. Fuji Xerox is headquartered in …

Greenbrier, Yahoo!, Intel, Altera and Taiwan Semiconductor Manufacturing highlighted as Zacks Bull and Bear of the Day
Fri, 29 Aug 2014 12:43:56 GMT

Altera Announces Upcoming Schedule of Events With the Financial Community
Thu, 28 Aug 2014 17:51:00 GMT
PR Newswire – SAN JOSE, Calif., Aug. 28, 2014 /PRNewswire/ — Altera Corporation (Nasdaq: ALTR) today announced its scheduled participation in the following events with the financial community: Citi 2014 Global Technology …

Insider Trading Alert – SEAS, REGN And ALTR Traded By Insiders
Thu, 28 Aug 2014 14:15:00 GMT

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