Cigna Offering Possible 10.86% Return Over the Next 9 Calendar Days

Cigna's most recent trend suggests a bearish bias. One trading opportunity on Cigna is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 10.86% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock rose above the $82.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Cigna 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 down which suggests that the medium-term momentum for Cigna is bearish.

The RSI indicator is at 20.27 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cigna

A.M. Best Affirms Ratings of Cigna Corporation and Its Subsidiaries
Thu, 13 Feb 2014 17:58:00 GMT
Business Wire – A.M. Best has affirmed the financial strength rating of A and issuer credit rating of “a” of the key life/health subsidiaries as well as the medical health maintenance organizations and dental HMO subsidiaries of Cigna Corporation [NYSE:CI].

Cigna Introduces Mobile Application Solutions for On-the-Go Agents Growing Their Supplemental Benefits Businesses
Thu, 13 Feb 2014 15:00:00 GMT
Business Wire – Cigna has introduced an innovative texting and smartphone quoting process along with other mobile enhancements for agents selling its Cigna Medicare Supplement Solutions®

Beacon Health and Cigna Form Accountable Care Program in Maine to Improve Health and Lower Costs
Thu, 13 Feb 2014 15:00:00 GMT
Business Wire – Cigna and Beacon Health, a subsidiary of EMHS , have launched a collaborative accountable care initiative to improve patient access to health care, enhance care coordination and achieve the “triple aim” of improved health, affordability and patient experience.

Why Cigna Corporation Shares Crashed
Tue, 11 Feb 2014 18:30:19 GMT

Cigna (CI) Showing Unusual Social Activity Today
Mon, 10 Feb 2014 18:27:00 GMT

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