Big Lots (BIG) Offering Possible 11.11% Return Over the Next 8 Calendar Days

Big Lots's most recent trend suggests a bullish bias. One trading opportunity on Big Lots is a Bull Put Spread using a strike $37.50 short put and a strike $32.50 long put offers a potential 11.11% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $32.50 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Big Lots 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 up which suggests that the medium-term momentum for Big Lots is bullish.

The RSI indicator is at 65.71 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 Big Lots

Is Big Lots (BIG) a Solid Growth Stock? 3 Reasons to Think " Yes "
Tue, 07 Jul 2020 16:45:04 +0000
Big Lots (BIG) could produce exceptional returns because of its solid growth attributes.

Will Big Lots (BIG) Gain on Rising Earnings Estimates?
Tue, 07 Jul 2020 16:20:04 +0000
Big Lots (BIG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

4 Value Stocks to Buy in a Recovering Economy
Tue, 07 Jul 2020 12:53:12 +0000
Vitals of financial markets and the U.S. economy are recovering gradually, making way for value stocks to gain pace ahead.

Why Big Lots (BIG) Stock Might be a Great Pick
Mon, 06 Jul 2020 12:33:12 +0000
Big Lots (BIG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Here's Why Big Lots (BIG) Stock is Marching Ahead in Retail
Fri, 03 Jul 2020 12:43:12 +0000
Big Lots (BIG) looks impressive on its solid transformational efforts including omni-channel initiatives.

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