Cigna (CI) Offering Possible 6.84% Return Over the Next 14 Calendar Days

Cigna's most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $145.00 short put and a strike $135.00 long put offers a potential 6.84% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $145.00 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $9.36 would be incurred if the stock dropped below the $135.00 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 35.15 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

U.S. hospitals urge DOJ antitrust probe of Anthem-Cigna deal
Thu, 06 Aug 2015 18:05:44 GMT
Reuters – U.S. hospitals urged antitrust regulators this week to consider whether health insurer Anthem Inc's planned acquisition of rival Cigna Corp would boost healthcare costs. In a letter to the Department of Justice, the hospital industry's largest lobbying group said combining the No. 1 and No. 5 health insurers threatens to reduce competition in 817 geographic markets serving 45 million consumers. In many of those markets, the American Hospital Association said, there are no strong competitors to buy assets that Anthem or Cigna might want to sell to pass muster with federal authorities.

Lifshitz & Miller Law Firm Announces Investigation of Cigna Corporation, Cytec Industries Inc., Ikanos Communications, Inc., IPC Healthcare Inc., Magnetek Inc., Pascack Bancorp, Inc., StanCorp Financial Group Inc., and Tecumseh Products Com
Thu, 06 Aug 2015 16:57:00 GMT
PR Newswire – NEW YORK, Aug. 6, 2015 /PRNewswire/ — Cigna Corporation Lifshitz & Miller announces investigation into possible breaches of fiduciary duties by the board in connection with the proposed sale of Cigna …

Cramer: Cashing in on millennial behavior trends
Wed, 05 Aug 2015 22:00:00 GMT

CIGNA CORP Financials
Wed, 05 Aug 2015 17:04:07 GMT

Aetna a Buy as Insurer Adds Government Plans
Tue, 04 Aug 2015 19:29:00 GMT

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