Allstate (ALL) Offering Possible 5.04% Return Over the Next 16 Calendar Days

Allstate's most recent trend suggests a bullish bias. One trading opportunity on Allstate is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 5.04% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $60.00 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 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 Allstate

ALLSTATE CORP Financials
Wed, 05 Nov 2014 18:04:12 GMT

Chicago City Treasurer Stephanie D. Neely to Join Allstate as Vice President, Treasury
Mon, 03 Nov 2014 17:20:56 GMT
noodls – 11/03/2014 – NORTHBROOK, Ill. The Allstate Corporation (NYSE: ALL) today announced that Chicago City Treasurer Stephanie D. Neely will join the company as its vice president, treasury, effective December …

Chicago City Treasurer Stephanie D. Neely to Join Allstate as Vice President, Treasury
Mon, 03 Nov 2014 16:30:00 GMT
PR Newswire – NORTHBROOK, Ill., Nov. 3, 2014 /PRNewswire/ — The Allstate Corporation (ALL) today announced that Chicago City Treasurer Stephanie D. Neely will join the company as its vice president, treasury, effective December 1. “We are pleased that Stephanie is joining Allstate and look forward to benefiting from her financial management expertise and broad leadership capabilities, which she demonstrated most recently in pioneering financial literacy programs on behalf of the city of Chicago and its schools,” said Steven E. Shebik, chief financial officer. “I am thrilled to be a part of Allstate given its growth, strong business opportunities and community leadership, particularly here in my hometown of Chicago,” Neely said.

10-Q for The Allstate Corp.
Sat, 01 Nov 2014 00:08:27 GMT

Allstate (ALL) Earnings Report: Q3 2014 Conference Call Transcript
Fri, 31 Oct 2014 01:10:00 GMT

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