Altera (ALTR) Offering Possible 12.36% Return Over the Next 16 Calendar Days

Altera's most recent trend suggests a bullish bias. One trading opportunity on Altera is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 12.36% 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 $35.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $30.00 long put strike price.

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

The RSI indicator is at 71.95 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 Altera

Altera and MathWorks Deliver Unified Model-Based Design Workflow for Altera SoCs
Wed, 05 Nov 2014 13:07:07 GMT
noodls – New Workflow Automates the Integration of Hardware and C Code into Altera SoCs San Jose, Calif., November 5, 2014 – Altera Corporation (Nasdaq: ALTR) today announced new programming support for its ARM-based …

Altera and MathWorks Deliver Unified Model-Based Design Workflow for Altera SoCs
Wed, 05 Nov 2014 13:00:00 GMT
PR Newswire – SAN JOSE, Calif., Nov. 5, 2014 /PRNewswire/ — Altera Corporation (Nasdaq: ALTR) today announced new programming support for its ARM-based SoCs using industry-standard workflows from MathWorks. Release …

Altera Announces Upcoming Schedule of Events With the Financial Community
Tue, 04 Nov 2014 22:28:17 GMT
noodls – SAN JOSE, Calif., Nov. 4, 2014 /PRNewswire/ — Altera Corporation (Nasdaq: ALTR) today announced its scheduled participation in the following events with the financial community: Wells Fargo Technology, …

Altera Announces Upcoming Schedule of Events With the Financial Community
Tue, 04 Nov 2014 21:24:00 GMT
PR Newswire – SAN JOSE, Calif., Nov. 4, 2014 /PRNewswire/ — Altera Corporation (Nasdaq: ALTR) today announced its scheduled participation in the following events with the financial community: Wells Fargo Technology, …

ALTERA CORP Financials
Fri, 31 Oct 2014 17:04:09 GMT

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