Cigna (CI) Offering Possible 25% Return Over the Next 3 Calendar Days

Cigna's most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $202.50 short put and a strike $197.50 long put offers a potential 25% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $202.50 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $197.50 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 49.18 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

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Cigna (CI) Divests Unit to Chubb to Streamline Business
Fri, 08 Oct 2021 17:51:05 +0000
Cigna (CI) sells its businesses to Chubb to focus on core growth areas.

Chubb (CB) to Strengthen Asia-Pacific Presence With Buyout
Fri, 08 Oct 2021 15:57:03 +0000
Chubb (CB) will acquire Cigna's accident and health and life insurance operations in Korea, Taiwan, Hong Kong, New Zealand, Thailand and Indonesia as well as 51% stake in the Turkey joint venture.

Cigna Offloads Life Insurance Business To Chubb In $5.75B Deal
Fri, 08 Oct 2021 13:31:07 +0000
Chubb Limited (NYSE: CB) is buying the Asia Pacific and Turkey businesses of rival insurer Cigna Corp (NYSE: CI) for .75 billion in cash. The transaction is expected to be completed in 2022. Chubb said it would acquire Cigna's Accident & Health and life business in South Korea, Taiwan, New Zealand, Thailand, Hong Kong, and Indonesia and Cigna's 51% stake in a joint venture in Turkey. Chubb said the acquisition would boost Asia's share of its global portfolio to $7 billion from about $4 billion i

Cigna's (NYSE:CI) investors will be pleased with their decent 71% return over the last five years
Fri, 08 Oct 2021 11:23:14 +0000
It hasn't been the best quarter for Cigna Corporation ( NYSE:CI ) shareholders, since the share price has fallen 13% in…

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