Cigna Offering Possible 13.9% Return Over the Next 39 Calendar Days

Cigna's most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 13.9% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock dropped below the $72.50 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 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

For some areas, insurance plan choices are paltry
Wed, 13 Nov 2013 00:15:18 GMT
USA TODAY – Your county may say more about your health insurance options than you realize.

CIGNA Corporation — Moody's affirms Cigna (sr. debt at Baa2); outlook changed to positive
Tue, 12 Nov 2013 18:11:04 GMT

Estimate Of ‘Junk' Health Insurance Market – Over 1,200 Plans Covering Almost 4 Million People
Tue, 12 Nov 2013 06:00:00 GMT
Forbes – With names like “Mini-Meds,” “Discount Health Cards,” “Medical Discount Plans” and “Fixed Benefit Indemnity Plans,” they sort of sound like health insurance. In fact, that's exactly how they were marketed and sold – often on late night television. One such company called HealthcareOne LLC had a particularly effective TV ad that pushed “A Real […]

Carter, Bush Backed Mental Health Equality Now Bipartisan Part Of ACA
Sat, 09 Nov 2013 14:00:00 GMT
Forbes – Long advocated by former President Jimmy Carter and his wife Rosalynn and signed into law five years ago by President George W. Long advocated by former President Jimmy Carter and his wife Rosalynn and signed into law five years ago by President George W. Bush, rules to require equal coverage for […]

Edward Kim Named Cigna's President and General Manager for Arizona Health Plans
Thu, 07 Nov 2013 17:42:37 GMT
noodls – PHOENIX, November 07, 2013 – Cigna (NYSE:CI) has named Edward Kim as president and general manager for the company's Arizona health plans, in addition to his current role as president of Cigna Medical …

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