Cigna (CI) Offering Possible 11.61% Return Over the Next 22 Calendar Days

Cigna's most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 11.61% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock dropped below the $70.00 long put strike price.

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

The RSI indicator is at 38.54 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 Cigna

Cigna Corporation Announces Appearance at the Deutsche Bank 39th Annual Health Care Conference
Fri, 25 Apr 2014 14:00:00 GMT
Business Wire – Cigna Corporation announced today that Matt Manders, President, Regional and Operations, will present at the Deutsche Bank 39th Annual Health Care Conference on May 8, 2

Aetna CEO: Obamacare's impact on earnings
Thu, 24 Apr 2014 19:16:00 GMT

To Help Individuals Worried About the Financial Impact of an Injury, Cigna Adds New Accident Expense Product to Its Supplemental Health Solutions
Thu, 24 Apr 2014 14:00:00 GMT
Business Wire – Cigna has launched a new personal Accident Expense insurance product, adding to a suite of Cigna Supplemental Solutions® individual insurance products insured by Loyal Am

Gilead's Earnings: Diving Deeper Into The Numbers With $84,000 Sovaldi Drug
Wed, 23 Apr 2014 22:30:00 GMT

CIGNA CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Wed, 23 Apr 2014 20:31:01 GMT

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