Intercontinental (ICE) Offering Possible 8.7% Return Over the Next 9 Calendar Days

Intercontinental's most recent trend suggests a bullish bias. One trading opportunity on Intercontinental is a Bull Put Spread using a strike $125.00 short put and a strike $115.00 long put offers a potential 8.7% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $9.20 would be incurred if the stock dropped below the $115.00 long put strike price.

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

The RSI indicator is at 67.71 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 Intercontinental

Intercontinental Exchange Announces the Election of Marti Tirinnanzi to the ICE Board of Directors
Fri, 04 Mar 2022 21:15:00 +0000
ATLANTA & NEW YORK, March 04, 2022–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced that its Board of Directors has elected Marti Tirinnanzi as a new Director, effective March 4, 2022. Ms. Tirinnanzi, who currently serves on the Board of Directors of ICE Mortgage Technology, Inc. and Board of Managers of ICE Mortgage Services, LLC, the governing board of MERSCORP Holdings, Inc., which are both subsidiaries of I

ICE Announces Record Growth in Renewable Fuel Contracts
Thu, 03 Mar 2022 14:00:00 +0000
NEW YORK & LONDON, March 03, 2022–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced rapid growth in its U.S. Renewable Identification Numbers (RINs) and European Biofuels derivatives, reflecting the increasing use of biofuels by the road transportation sector to reduce emissions.

Intercontinental Exchange Reports February 2022 Statistics
Thu, 03 Mar 2022 13:30:00 +0000
ATLANTA & NEW YORK, March 03, 2022–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today reported February 2022 trading volume and related revenue statistics, which can be viewed on the company’s investor relations website at https://ir.theice.com/ir-resources/supplemental-information in the Monthly Statistics Tracking spreadsheet.

ICE Global Network Introduces Global Hardware Procurement and Managed Services Solution
Tue, 01 Mar 2022 13:30:00 +0000
ATLANTA & NEW YORK, March 01, 2022–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, today announced the launch of its global procurement and managed services solution with Techary, a leading provider of global technology solutions.

ICE to remove debt of sanctioned Russian entities from fixed income indexes
Mon, 28 Feb 2022 19:58:03 +0000
The Intercontinental Exchange said on Monday that it will remove the debt of Russian entities that are under sanctions by the United States, United Kingdom or European Union from its fixed income indexes. As of Feb. 28 new debt of affected entities will not be added to the indexes. This includes sovereign debt issued by the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation, ICE said.

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