Allstate (ALL) Offering Possible 10.13% Return Over the Next 25 Calendar Days

Allstate's most recent trend suggests a bullish bias. One trading opportunity on Allstate is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 10.13% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 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 $65.00 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 67.72 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

Allstate Assurance Company — Moody's assigns Allstate Assurance Co. A1 IFS rating; stable outlook
Thu, 18 Dec 2014 19:30:03 GMT

Allstate Announces New Leadership Structure to Enhance Customer-Focused Strategy
Wed, 17 Dec 2014 14:42:11 GMT
noodls – 12/17/2014 – NORTHBROOK, Ill. The Allstate Corporation (NYSE: ALL) today announced organizational and leadership changes to align with its customer-focused strategy, improve operational effectiveness and …

ALLSTATE CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Wed, 17 Dec 2014 14:18:54 GMT

Allstate Announces New Leadership Structure to Enhance Customer-Focused Strategy
Wed, 17 Dec 2014 14:15:00 GMT
PR Newswire – NORTHBROOK, Ill., Dec. 17, 2014 /PRNewswire/ — The Allstate Corporation (ALL) today announced organizational and leadership changes to align with its customer-focused strategy, improve operational effectiveness and leverage management talent. “These changes will help us build the next-generation corporation which delivers strong business results as a purpose-driven organization that improves the lives of people and communities,” said Thomas J. Wilson, chairman, president and chief executive officer of The Allstate Corporation. Matt Winter is being promoted to president of The Allstate Corporation and chief executive officer of Allstate Life Insurance Company, from his current role as president, Allstate Personal Lines. Winter retains responsibility for the Allstate branded property-casualty business and will integrate Allstate's life insurance operations into Allstate Personal Lines.

Progressive to Buy ARX to Challenge Allstate With Home Insurance
Tue, 16 Dec 2014 14:50:39 GMT
Bloomberg – Progressive Corp. (PGR), the fourth-largest U.S. auto insurer, is expanding in home coverage to challenge rivals including Allstate Corp. (ALL) that are better known for bundling different types of policies. …

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