State Street (STT) Offering Possible 16.28% Return Over the Next 22 Calendar Days

State Street's most recent trend suggests a bullish bias. One trading opportunity on State Street is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 16.28% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $90.00 long put strike price.

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

The RSI indicator is at 77.68 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 State Street

State Street To Appoint Brad Hu to Chief Risk Officer
Mon, 25 Oct 2021 19:37:00 +0000
BOSTON, October 25, 2021–State Street Corporation (NYSE: STT) today announced that it has named Brad Hu its chief risk officer, effective January 1, 2022. Hu succeeds Andrew Kuritzkes, who is retiring from State Street. Hu will join the company in November as a member of its Executive Committee for a transition period with Kuritzkes.

State Street Announces Chief Financial Officer to Participate in the BancAnalysts Association of Boston Conference
Thu, 21 Oct 2021 20:30:00 +0000
BOSTON, October 21, 2021–State Street Corporation (NYSE:STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate in the BancAnalysts Association of Boston Conference on Thursday, November 4, 2021 at 2:40 PM ET.

State Street Corporation Declares Dividends on Its Non-Cumulative Perpetual Preferred Stock Series “D”, “F”, “G” and “H”
Wed, 20 Oct 2021 20:30:00 +0000
BOSTON, October 20, 2021–State Street Corporation (NYSE:STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:

10 Earnings Reports Everyone is Talking About
Wed, 20 Oct 2021 16:09:06 +0000
In this article, we will take a look at the 10 earnings reports everyone is talking about. You can skip our detailed analysis of these companies, and go directly to the 5 Earnings Reports Everyone is Talking About. We have entered the second week of the third-quarter earnings season. Companies from industrials, consumer defensive, and […]

State Street Announces First Transaction Under Peer-to-Peer Repo Program
Wed, 20 Oct 2021 13:30:00 +0000
BOSTON, October 20, 2021–State Street Corporation (NYSE:STT) today announced the first transaction within its Peer-to-Peer Repo program following its launch earlier this year. The trade was executed between a large asset owner and a non-traditional investment manager. The Peer to Peer repo program seeks to facilitate overnight and term repo trading between buy-side counterparties, including traditional and non-traditional asset managers, asset owners, insurers, corporates, REITS, and sovereign

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