Alcoa (AA) Offering Possible 11.11% Return Over the Next 17 Calendar Days

Alcoa's most recent trend suggests a bullish bias. One trading opportunity on Alcoa is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 11.11% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $30.00 long put strike price.

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

[$$] Investors Press Arconic to Oust CEO Klaus Kleinfeld, Months After Alcoa Separation
Tue, 31 Jan 2017 05:35:34 GMT
The Wall Street Journal – Several of Arconic’s biggest shareholders are pressing the company to oust Chief Executive Klaus Kleinfeld, less than three months after he separated the parts maker from aluminum giant Alcoa.

Investors urge Arconic to oust CEO Klaus Kleinfeld -WSJ
Mon, 30 Jan 2017 23:17:16 GMT

Trump Triple-Play Stocks Nucor, U.S. Steel Earnings On Tap
Mon, 30 Jan 2017 21:20:56 GMT

[$$] Investors Press for CEO's Ouster at Arconic, the Alcoa Spinoff
Mon, 30 Jan 2017 20:30:27 GMT

Alcoa Stock Short Interest Rises 37%
Mon, 30 Jan 2017 20:14:00 GMT

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