AIG's most recent trend suggests a bearish bias. One trading opportunity on AIG is a Bear Call Spread using a strike $48.00 short call and a strike $53.00 long call offers a potential 5.49% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $48.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock rose above the $53.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for AIG 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 AIG is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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 AIG
Ex-AIG Real Estate Executive Settles $274 Million Pay
Wed, 06 Nov 2013 23:34:56 GMT
Bloomberg – The former top executive of American International Group Inc.’s real estate unit settled his lawsuit against the insurer seeking $274 million in compensation he claims he was promised and didn’t receive….
Prudential Financial Posts First Profit in Five Quarters
Wed, 06 Nov 2013 22:18:30 GMT
Bloomberg – Prudential Financial Inc., the No. 2 U.S. life insurer, swung to a profit in the third quarter, fueled by pension-transfer deals and the acquisition of a unit from Hartford Financial Services Group Inc….
Facebook & Microsoft Create Fund for Security Research Pay and 2 More Heavily Traded Stocks to Follow
Wed, 06 Nov 2013 21:17:06 GMT
Wall St. Cheat Sheet – Headlines you need to know this afternoon.
AIG settles with former executive before $274 million pay trial
Wed, 06 Nov 2013 19:46:52 GMT
Reuters – American International Group Inc (AIG) has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008. The settlement came as a trial was due to have begun Tuesday in a federal court in New York, which was expected to reopen the issue of executive pay at AIG. The executive, Kevin Fitzpatrick, was president of an AIG real estate unit until he left the New York-based insurer in 2009. In his lawsuit, which was filed in 2009, Fitzpatrick said AIG breached agreements with him and entities he controlled that entitled him to a share of profits earned on AIG real estate investments.
AIG settles with former executive before $274 mln pay trial
Wed, 06 Nov 2013 19:43:25 GMT
Reuters – American International Group Inc has agreed to settle a $274 million lawsuit by a former executive who said the insurer refused to pay him during the financial crisis in 2008. The settlement came as a trial was due to have begun Tuesday in a federal court in New York, which was expected to reopen the issue of executive pay at AIG. The executive, Kevin Fitzpatrick, was president of an AIG real estate unit until he left the New York-based insurer in 2009. In his lawsuit, which was filed in 2009, Fitzpatrick said AIG breached agreements with him and entities he controlled that entitled him to a share of profits earned on AIG real estate investments.
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