Altera (ALTR) Offering Possible 8.7% Return Over the Next 9 Calendar Days

Altera's most recent trend suggests a bullish bias. One trading opportunity on Altera is a Bull Put Spread using a strike $37.00 short put and a strike $32.00 long put offers a potential 8.7% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $32.00 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 46.37 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Altera

Altera Demonstrates FPGA-Based Solutions at CAR-ELE JAPAN International Automotive Electronics Technology Expo
Thu, 08 Jan 2015 20:00:00 GMT
PR Newswire – SAN JOSE, Calif. and TOKYO, Jan. 8, 2015 /PRNewswire/ — CAR-ELE JAPAN — Altera Corporation (NASDAQ: ALTR) is demonstrating leading-edge automotive solutions based on its field-programmable gate array …

Audi Selects Altera SoC FPGA for Production Vehicles with “Piloted Driving” Capability
Mon, 05 Jan 2015 13:29:21 GMT
noodls – San Jose, Calif., -January 5, 2015-Altera Corporation (NASDAQ: ALTR) today announced that its SoC field-programmable gate arrays (FPGAs) have been selected for use in Audi's advanced driver assistance …

Audi Selects Altera SoC FPGA for Production Vehicles with “Piloted Driving” Capability
Mon, 05 Jan 2015 13:00:00 GMT
PR Newswire – SAN JOSE, Calif., Jan. 5, 2015 /PRNewswire/ — Altera Corporation (NASDAQ: ALTR) today announced that its SoC field-programmable gate arrays (FPGAs) have been selected for use in Audi's advanced driver …

Altera traders on guard for decline
Fri, 02 Jan 2015 09:04:31 GMT
optionMONSTER – Investors want protection in Altera, which is back to the top of its long-term range. optionMONSTER's monitoring systems detected the purchase of 2,750 June 35 puts for $1.73 and the sale of an equal number …

UPDATE: Bank Of America Downgrades Altera
Fri, 19 Dec 2014 16:20:49 GMT
Benzinga – Bank of America downgraded Altera Corporation (NASDAQ: ALTR ) Friday from Buy to Neutral and raised its price target from $38 to $41. Analysts led by Vivek Arya liked “Altera’s highly profitable PLD business …

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