WellPoint Offering Possible 18.48% Return Over the Next 31 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 18.48% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.78 would be kept by the premium seller. The risk of $4.22 would be incurred if the stock dropped below the $85.00 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

Fast Money Final Trade
Wed, 20 Nov 2013 22:58:00 GMT
CNBC – The Fast Money traders share their final trades of the day.

State Insurance Heads Snub Obama on Policy Cancellations
Wed, 20 Nov 2013 22:43:26 GMT
Bloomberg – Kansas, North Dakota and other state insurance commissioners snubbed a meeting with President Barack Obama set up to discuss allowing some people to temporarily keep medical plans that don’t meet the requirements …

Your first trade for Thursday
Wed, 20 Nov 2013 18:33:55 GMT
CNBC – The “Fast Money” traders share their final trades of the day.

REPEAT-Small health insurers fear Obamacare woes will tilt playing field
Wed, 20 Nov 2013 12:00:00 GMT
Reuters – As the White House tries to address consumer anger and technical problems tied to President Barack Obama's healthcare reform, its proposed fixes risk undermining a key ally in the law's newly established insurance markets. Created with $2 billion in government loans, some two dozen not-for-profit health co-ops are meant to provide consumers with more choice in the Obamacare exchanges against far larger players like Anthem Blue Cross Blue Shield and Aetna Inc . But they were left out of a meeting between the president and top insurance executives on Friday to discuss how to allow Americans to extend existing health policies that are being canceled for not complying with the law's new requirements. They also fear that administration efforts to overcome technical problems with the enrollment website – by allowing insurers to directly sign up consumers – could put them at a disadvantage if consumers head to well-known names and skip comparing prices altogether.

Small health insurers fear Obamacare woes will tilt playing field
Wed, 20 Nov 2013 06:00:00 GMT
Reuters – As the White House tries to address consumer anger and technical problems tied to President Barack Obama's healthcare reform, its proposed fixes risk undermining a key ally in the law's newly established insurance markets. Created with $2 billion in government loans, some two dozen not-for-profit health co-ops are meant to provide consumers with more choice in the Obamacare exchanges against far larger players like Anthem Blue Cross Blue Shield and Aetna Inc . But they were left out of a meeting between the president and top insurance executives on Friday to discuss how to allow Americans to extend existing health policies that are being canceled for not complying with the law's new requirements. They also fear that administration efforts to overcome technical problems with the enrollment website – by allowing insurers to directly sign up consumers – could put them at a disadvantage if consumers head to well-known names and skip comparing prices altogether.

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