Altera (ALTR) Offering Possible 19.05% Return Over the Next 31 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 19.05% return on risk over the next 31 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 $0.80 would be kept by the premium seller. The risk of $4.20 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 39.51 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 04:31:58 GMT

Big Blue: Too late for turnaround?
Tue, 21 Oct 2014 15:08:00 GMT

Altera Demonstrates Automotive Embedded System Solutions that Increase Design Productivity at SAE Convergence 2014
Mon, 20 Oct 2014 12:00:00 GMT
PR Newswire – SAN JOSE, Calif., and DETROIT, Oct. 20, 2014 /PRNewswire/ — Altera Corporation (NASDAQ: ALTR) today announced it is demonstrating new field-programmable gate array (FPGA) solutions enabling systems designers …

ALTERA CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Fri, 17 Oct 2014 21:20:49 GMT

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Fri, 17 Oct 2014 17:40:00 GMT

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