State Street Offering Possible 7.3% Return Over the Next 24 Calendar Days

State Street's most recent trend suggests a bearish bias. One trading opportunity on State Street is a Bear Call Spread using a strike $70.00 short call and a strike $75.00 long call offers a potential 7.3% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock rose above the $75.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for State Street is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for State Street is bearish.

The RSI indicator is at 59.15 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

A Wall Street Transcript Interview with Todd Millay, the Managing Director of Choate Investment Advisors LLC: Diversified Asset Allocation Strategies at the Right Level of Risk
Tue, 22 Oct 2013 21:20:00 GMT
Wall Street Transcript – 67 WALL STREET, New York – October 22, 2013 – The Wall Street Transcript has just published its current Investing Strategies Report offering expert industry commentary through in-depth interviews with …

Fitch: State Street's 3Q'13 Earnings Modestly Lower
Tue, 22 Oct 2013 20:31:00 GMT
Business Wire – State Street Corporation's third quarter of 2013 stated net income of $540 million has declined from both the sequential and year-ago quarters. Nevertheless, Fitch Ratings believes the company's 3Q'13 earnings, which equated to a 10.8% return on average equity , while satisfactory from a credit perspective, remain below STT's historical returns.

Zions Tanks on Slow Loan Growth: Financial Loser (Update 1)
Tue, 22 Oct 2013 20:12:00 GMT

[$$] State Street Revenue Disappoints Investors
Tue, 22 Oct 2013 18:37:36 GMT

State Street Management Discusses Q3 2013 Results – Earnings Call Transcript
Tue, 22 Oct 2013 18:03:21 GMT
Seeking Alpha – Joseph L. Hooley Thanks, Valerie, and good morning, everyone. This morning we reported third quarter operating basis earnings per share of $1.19. These results reflect the strength of our core asset servicing …

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