Eastman Chemical Offering Possible 16.28% Return Over the Next 32 Calendar Days

Eastman Chemical's most recent trend suggests a bullish bias. One trading opportunity on Eastman Chemical is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 16.28% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $75.00 long put strike price.

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

The RSI indicator is at 79.01 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eastman Chemical

Keep Holding Eastman Chemical
Mon, 10 Feb 2014 22:45:04 GMT

YieldBoost Eastman Chemical From 1.8% To 5.4% Using Options
Mon, 10 Feb 2014 16:59:00 GMT

Eastman Chemical Management Discusses Q4 2013 Results – Earnings Call Transcript
Fri, 31 Jan 2014 17:20:03 GMT
Seeking Alpha – Mark J. Costa Good morning. Thanks for joining us. I'll start on Slide 3. 2013 was an outstanding year at Eastman as we continue to build on our strengths and navigate through challenges. EPS grew by approximately …

Eastman Chemical Beats on Earnings & Revs in Q4
Fri, 31 Jan 2014 15:50:04 GMT

2014, Jan 31 – Eastman Increases Solvents Prices on February 15
Fri, 31 Jan 2014 15:27:53 GMT
noodls – Page Content KINGSPORT, Tenn., Jan. 31, 2014 – Eastman Chemical Company is increasing prices on the following products Feb. 15, or as contracts allow. These increases are due to elevated operating costs, …

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