WellPoint Offering Possible 20.48% Return Over the Next 36 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 20.48% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $82.50 long put strike price.

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

The RSI indicator is above 80 which suggests that the stock is in overbought 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 WellPoint

Insurers Still Committed To Obamacare Following White House Meeting
Sat, 16 Nov 2013 17:20:00 GMT
Forbes – In an unusual alliance between a liberal Democratic President and the traditionally Republican-leaning insurance industry, health plans are still backing the Affordable Care Act and the nation's commander-in-chief following a White House meeting Friday. Despite the political rhetoric coming out of Washington and pundits on television talking about lower popularity numbers […]

State insurance regulators hesitate to embrace Obamacare fix
Fri, 15 Nov 2013 23:49:48 GMT
Reuters – Many U.S. states are hesitant to embrace President Barack Obama's fix to keep Americans from losing health insurance plans that do not comply with his healthcare reform, saying they need to figure out how to resurrect canceled policies and whether to allow insurers to raise prices. California, Colorado, Florida, South Carolina, and Ohio said they would act on Obama's offer, announced on Thursday, to give a one-year extension to existing policies. Several million Americans stand to have their individual health insurance canceled at some point in 2014 despite a pledge by Obama that people who liked their benefits would be able to keep them under his law. That pledge became a focus of Republican efforts to change or delay Obamacare, culminating in a vote in the House of Representatives on Friday on a Republican bill to keep the existing policies.

Obamacare Deductibles 26% Higher Make Cheap Rates a Risk
Fri, 15 Nov 2013 20:33:50 GMT
Bloomberg – Americans seeking cheap insurance on the Obamacare health exchanges may be in for sticker shock if they get sick next year, as consumers trade lower premiums for out-of-pocket costs that can top $6,000 …

Caution Isn't Always a Virtue in Investing
Fri, 15 Nov 2013 20:25:50 GMT

Lowe's names new board member
Fri, 15 Nov 2013 17:44:48 GMT

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