Cigna Offering Possible 11.61% Return Over the Next 36 Calendar Days

Cigna's most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 11.61% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 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 $75.00 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 above 80 which suggests that the stock is in overbought territory.

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

Insurers Still Committed To Obamacare Following White House Meeting
Sat, 16 Nov 2013 17:20:00 GMT
Forbes – In an unusual alliance between a liberal Democratic President and the traditionally Republican-leaning insurance industry, health plans are still backing the Affordable Care Act and the nation's commander-in-chief following a White House meeting Friday. Despite the political rhetoric coming out of Washington and pundits on television talking about lower popularity numbers […]

Cancellation reversal causes insurer headaches
Sat, 16 Nov 2013 12:17:25 GMT
USA TODAY – If you get your old policy back, will it cost the same?

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Fri, 15 Nov 2013 16:02:21 GMT

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Fri, 15 Nov 2013 12:47:27 GMT

Einhorn’s Greenlight Sells Cigna While Buying Spirit AeroSystems
Thu, 14 Nov 2013 23:41:43 GMT

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