Altera (ALTR) Offering Possible 12.36% Return Over the Next 30 Calendar Days

Altera's most recent trend suggests a bullish bias. One trading opportunity on Altera is a Bull Put Spread using a strike $32.00 short put and a strike $27.00 long put offers a potential 12.36% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $32.00 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 $27.00 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 46.77 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 Corp Earnings Call scheduled for 4:45 pm ET today
Thu, 23 Oct 2014 20:45:00 GMT

ALTERA CORP Files SEC form 8-K, Results of Operations and Financial Condition, Other Events, Financial Statements and
Thu, 23 Oct 2014 20:31:19 GMT

Altera tops Street 3Q forecasts
Thu, 23 Oct 2014 20:25:17 GMT
AP – On a per-share basis, the San Jose, California-based company said it had net income of 38 cents. The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment …

Altera tops Street 3Q forecasts
Thu, 23 Oct 2014 20:25:17 GMT
AP – On a per-share basis, the San Jose, California-based company said it had net income of 38 cents. The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment …

4:24 pm Altera beats by $0.01, beats on revs; guides Q4 revs in-line
Thu, 23 Oct 2014 20:24:00 GMT

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