Mylan (MYL) Offering Possible 10.38% Return Over the Next 33 Calendar Days

Mylan's most recent trend suggests a bullish bias. One trading opportunity on Mylan is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 10.38% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $44.00 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 at 56.91 level which suggests that the stock is neither overbought nor oversold at this time.

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 Mylan

MYLAN INC. Files SEC form 8-K, Change in Directors or Principal Officers
Mon, 17 Mar 2014 16:53:45 GMT

Mylan bulls bet on pop this week
Mon, 17 Mar 2014 10:45:09 GMT

Actavis, Mylan to Benefit from Celebrex Ruling
Fri, 14 Mar 2014 20:21:38 GMT

Why Teva May Be Back From the Dead
Fri, 14 Mar 2014 15:05:21 GMT

Mylan (MYL) Is Today's Unusual Social Activity Stock
Fri, 14 Mar 2014 14:16:00 GMT

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