Allstate (ALL) Offering Possible 10.13% Return Over the Next 22 Calendar Days

Allstate's most recent trend suggests a bullish bias. One trading opportunity on Allstate is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 10.13% 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 $55.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $50.00 long put strike price.

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

The RSI indicator is at 46.15 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 Allstate

JPMorgan to Help Oversee $12 Billion for Resolution Life
Thu, 24 Apr 2014 13:32:45 GMT

Allstate announces favorable $3.8M fraud judgement
Mon, 21 Apr 2014 14:03:58 GMT

Allstate Awarded $3.8 Million in Fraud Judgment
Mon, 21 Apr 2014 14:02:00 GMT
PR Newswire – DALLAS, April 21, 2014 /PRNewswire/ — Based on a six-week jury trial, the United States District Court for the Northern District of Texas has entered a $3.8 million judgment in favor of Allstate Insurance …

Seven out of 10 Hispanic Parents Unaware that Car Crashes Are the No. 1 Killer of Teens
Wed, 16 Apr 2014 12:39:00 GMT
PR Newswire – NORTHBROOK, Ill., April 16, 2014 /PRNewswire/ — The inaugural ¡Vamos! survey from The Allstate Foundation found that 29 percent of Hispanic parents correctly identified car crashes as the leading cause of death among teens. Most Hispanic parents, 42 percent, assumed drugs and alcohol were the No.1 cause of teen deaths. “¡Vamos!,” or “Let's Go!” in English, is the first-ever national survey looking into the attitudes and behaviors of Hispanic teen drivers and parents. For both white and Hispanic teens, car crashes are the leading cause of death and The Allstate Foundation conducted the survey to identify tools and tips to help all parents keep their teen safer behind the wheel.

Aspen Smart To Nix Low Endurance Offer, $64 Seems Fair
Tue, 15 Apr 2014 17:53:00 GMT

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