Helmerich & Payne (HP) Offering Possible 17.65% Return Over the Next 16 Calendar Days

Helmerich & Payne's most recent trend suggests a bullish bias. One trading opportunity on Helmerich & Payne is a Bull Put Spread using a strike $22.50 short put and a strike $17.50 long put offers a potential 17.65% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $22.50 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $17.50 long put strike price.

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

The RSI indicator is at 73.19 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 Helmerich & Payne

Helmerich & Payne (HP) Incurs Narrower-Than-Expected Q4 Loss
Tue, 24 Nov 2020 13:33:01 +0000
For the fiscal fourth quarter, Helmerich & Payne's (HP) Offshore Gulf of Mexico unit generates revenues of $32.3 million, down from $38.5 million in the prior-year quarter.

Oil & Gas Stock Roundup: Helmerich & Payne's Q4, Gulfport's Bankruptcy & More
Tue, 24 Nov 2020 12:38:12 +0000
Contract drilling operator Helmerich & Payne (HP) reported September-quarter earnings, while natural gas producer Gulfport Energy (GPOR) filed for Chapter 11 bankruptcy protection.

Helmerich & Payne, Inc. (NYSE:HP) Yearly Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Sun, 22 Nov 2020 08:13:10 +0000
Helmerich & Payne, Inc. (NYSE:HP) investors will be delighted, with the company turning in some strong numbers with…

Helmerich & Payne Inc (HP) Q4 2020 Earnings Call Transcript
Fri, 20 Nov 2020 22:00:43 +0000
HP earnings call for the period ending September 30, 2020.

Helmerich & Payne, Inc. to Host Earnings Call
Fri, 20 Nov 2020 14:15:00 +0000
NEW YORK, NY / ACCESSWIRE / November 20, 2020/ Helmerich & Payne, Inc.

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