Cigna Offering Possible 13.9% Return Over the Next 40 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 40 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 at 66.93 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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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 […]

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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 …

Edward Kim Named Cigna's President and General Manager for Arizona Health Plans
Thu, 07 Nov 2013 17:30:00 GMT
Business Wire – Cigna 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 Group. H

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Forbes – Though most health plans are reporting robust profits partly due to new business coming from the Affordable Care Act, an extension of the enrollment period could “dent” the insurance industry by causing “pricing and logistical implications,” a new report said. Extending the period to sign up for coverage under the Affordable […]

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