Allstate (ALL) Offering Possible 16.14% Return Over the Next 10 Calendar Days

Allstate's most recent trend suggests a bearish bias. One trading opportunity on Allstate is a Bear Call Spread using a strike $100.00 short call and a strike $110.00 long call offers a potential 16.14% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $1.39 would be kept by the premium seller. The risk of $8.61 would be incurred if the stock rose above the $110.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Allstate is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Allstate is bearish.

The RSI indicator is at 33.44 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

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The Allstate Corporation (ALL) is the nation's largest publicly held personal lines insurer, protecting people from life's uncertainties with 78 million proprietary policies. Allstate offers a broad array of protection products through multiple brands and diverse distribution channels, including auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brands. The company provides additional protection products and services through Allstate Benefits, Allstate Roadside Services, Allstate Dealer Services, Arity and SquareTrade.

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