Allstate (ALL) Offering Possible 7.87% Return Over the Next 7 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 7.87% return on risk over the next 7 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 $0.73 would be kept by the premium seller. The risk of $9.27 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 26.96 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 CEO Says Tax Overhaul Frees Up Half-Billion in Profit
Wed, 07 Feb 2018 23:40:35 +0000
Allstate Corp. Chief Executive Officer Tom Wilson said the insurer’s $506 million windfall from the U.S. tax overhaul will be used to invest in growth.

Allstate Delivers Strong Results
Wed, 07 Feb 2018 23:19:00 +0000
The Allstate Corporation today reported financial results for the fourth quarter of 2017.

Allstate Increases Quarterly Dividend By 24%
Wed, 07 Feb 2018 21:50:00 +0000
NORTHBROOK, Ill. , Feb. 7, 2018 /PRNewswire/ — The Allstate Corporation (NYSE: ALL) today announced its board of directors has approved a quarterly dividend of 46 cents on each outstanding share of the …

The Allstate Corporation Announces Availability of Fourth Quarter 2017 Results
Wed, 07 Feb 2018 21:22:00 +0000
NORTHBROOK, Ill., Feb. 7, 2018 /PRNewswire/ — The Allstate Corporation (ALL) has filed its financial results for the quarter ended December 31, 2017, on its current report on Form 8-K. You may view the Form 8-K, including the earnings release and investor supplement, on the company's page at sec.gov. The company's 2017 annual report on Form 10-K will be filed with the SEC later this month. The Allstate Corporation will conduct a conference call and webcast at 9 a.m. ET on Thursday, February 8, to discuss fourth-quarter 2017 earnings.

Allstate and Allstate Agencies Looking to Bring 500 Jobs to California
Wed, 07 Feb 2018 19:10:00 +0000
Agency owners projected to hire more than 400 sales professionals. SACRAMENTO, Calif., Feb. 7, 2018 /PRNewswire/ — Allstate Insurance Company is boosting its sales force in California to keep pace with growing consumer demand for insurance and financial products and services in the state. “We are seeing increased consumer demand for auto and home insurance, as well as financial advice and retirement planning,” says Lisa Barra, Recruiting Director for Allstate in California.

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