Costco (COST) Offering Possible 27.23% Return Over the Next 15 Calendar Days

Costco's most recent trend suggests a bullish bias. One trading opportunity on Costco is a Bull Put Spread using a strike $195.00 short put and a strike $190.00 long put offers a potential 27.23% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $195.00 by expiration. The full premium credit of $1.07 would be kept by the premium seller. The risk of $3.93 would be incurred if the stock dropped below the $190.00 long put strike price.

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

The RSI indicator is at 79.86 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 Costco

Costco Wholesale Corporation Announces Quarterly Cash Dividend
Tue, 30 Jan 2018 21:30:00 +0000
ISSAQUAH, Wash., Jan. 30, 2018– Costco Wholesale Corporation today announced that its Board of Directors has declared a quarterly cash dividend on Costco common stock of$. 50 per share. The quarterly …

Correction: American Express-CEO Interview story
Tue, 30 Jan 2018 14:59:46 +0000
NEW YORK (AP) — In a story Jan. 29 about American Express CEO Kenneth Chenault, The Associated Press erroneously identified the Fortune 500 drug company that is led by a black CEO. Merck & Co., not Pfizer, has a black CEO.

Here's Why the Best Is Yet to Come for Costco
Mon, 29 Jan 2018 14:34:00 +0000
The retailer has shown that it's not affected by the internet in the same way many of its rivals are.

[$$] By Shrinking, Can Sam’s Club Keep Up With Costco?
Mon, 29 Jan 2018 05:16:20 +0000
Sam’s Club hopes that by strategically closing underperforming stores, it can fine-tune its focus on stores that are driving higher profits, especially those that serve a higher-income clientele.

Hate Risk? You'll Love These 3 Stocks
Sun, 28 Jan 2018 16:30:00 +0000
Consider McDonald's, Costco Wholesale, and Colgate-Palmolive if you're looking for consistently solid returns.

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