Mylan Offering Possible 9.17% Return Over the Next 22 Calendar Days

Mylan's most recent trend suggests a bullish bias. One trading opportunity on Mylan is a Bull Put Spread using a strike $43.00 short put and a strike $38.00 long put offers a potential 9.17% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $43.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $38.00 long put strike price.

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

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

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LATEST NEWS for Mylan

MYLAN INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation
Fri, 29 Nov 2013 21:09:07 GMT

Could Teva Merge With Mylan or Valeant?
Thu, 28 Nov 2013 14:52:03 GMT
Motley Fool – Teva, which just lost its CEO, will soon face stiff generic competition for its top-selling drug. Should the company merge with Mylan or Valeant to save itself and compete effectively against Actavis, …

Generic Herceptin Approved in India
Wed, 27 Nov 2013 19:00:52 GMT

Better Buy: Teva, Mylan, or Actavis?
Wed, 27 Nov 2013 16:53:59 GMT
Motley Fool – More patent expirations ahead mean greater sales growth for these three generic drugmakers.

Update on Mylan's Focus on India
Wed, 27 Nov 2013 16:00:03 GMT

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