Capital One (COF) Offering Possible 24.69% Return Over the Next 21 Calendar Days

Capital One's most recent trend suggests a bullish bias. One trading opportunity on Capital One is a Bull Put Spread using a strike $99.00 short put and a strike $94.00 long put offers a potential 24.69% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $99.00 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $4.01 would be incurred if the stock dropped below the $94.00 long put strike price.

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

The RSI indicator is at 72.41 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 Capital One

Company News For Dec 27, 2017
Wed, 27 Dec 2017 15:00:03 +0000
Companies in the news are: MNK,SCMP,PTLA,COF and FIG

Why Capital One (COF) Cut Share Buyback on the New Tax Law
Wed, 27 Dec 2017 12:32:12 +0000
Expecting the near-term adverse impact of the tax law, Capital One (COF) lowered its share repurchase authorization.

GOP Tax Cuts Lead To This Unexpected Impact For Some Shareholders
Tue, 26 Dec 2017 21:07:56 +0000
Credit-card and loan giant Capital One Financial on Tuesday said it cut its share buyback program nearly in half due a $1.9 billion charge it expects to book from the GOP's tax-cut bill.

Nasdaq Pares Losses as Markets Continue Post-Christmas Dip
Tue, 26 Dec 2017 18:57:00 +0000
News that Apple's iPhone X sales may be softer-than-expected weighed on tech stocks Tuesday.

Capital One dials back stock repurchases after tax plan passage
Tue, 26 Dec 2017 18:50:16 +0000
McLean-based Capital One Financial Corp. (COF) is pulling back on its stock repurchase plan after the passage of sweeping tax reform Dec. 22, saying the bill would result in a $1.9 billion charge against its profits, according to Securities and Exchange Commission filings. The bank resubmitted a capital plan to the Federal Reserve on Tuesday saying it is reducing its share buyback program from a maximum of $1.85 billion down to $1 billion. A deferred tax benefit could also be incurred when writing off bad loans, which would give the bank a future tax benefit, although Capital One did not offer details on its deferred tax assets.

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