Darden (DRI) Offering Possible 12.36% Return Over the Next 8 Calendar Days

Darden's most recent trend suggests a bullish bias. One trading opportunity on Darden is a Bull Put Spread using a strike $85.00 short put and a strike $75.00 long put offers a potential 12.36% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $8.90 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 Darden 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 Darden is bullish.

The RSI indicator is at 64.38 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 Darden

Why Darden Restaurants Stock Was Up 14% in August
Fri, 04 Sep 2020 17:37:00 +0000
Shares of casual-dining restaurant company Darden Restaurants (NYSE: DRI) went up 14.2% in August, according to data provided by S&P Global Market Intelligence. Although Darden stock is rising, a recent filing with the Securities and Exchange Commission (SEC) is a reminder for investors that the company isn't back to normal yet. As one of the largest restaurant companies in the world, Darden likewise suffered.

Hedge Funds Still Very Bullish On Darden Restaurants, Inc. (DRI)
Tue, 01 Sep 2020 03:34:20 +0000
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

3 Consumer Stocks to Avoid in September
Sun, 30 Aug 2020 12:43:00 +0000
Below, we'll look at why investors are right to be cautious with Dave & Buster's (NASDAQ: PLAY), Darden Restaurants (NYSE: DRI), and GameStop (NYSE: GME) as they look ahead to September. The restaurant and entertainment specialist said in June that first-quarter sales slumped 56% as all the chain's 137 stores were closed for most of the period. Most investors who follow the stock are looking for revenue to dive to below $100 million from over $300 million a year ago.

Darden Shares Up 11.6% in 3 Months: What's Driving the Stock?
Fri, 28 Aug 2020 11:38:11 +0000
Darden's (DRI) consistent focus on sales planning, operational readjustments and smarter promotional investments bode well.

Darden Restaurants to Host Fiscal 2021 First Quarter Conference Call on September 24
Thu, 27 Aug 2020 20:30:00 +0000
Darden Restaurants, Inc., (NYSE:DRI) plans to release its fiscal 2021 first quarter financial results before the market opens on Thursday, September 24, 2020, with a conference call to follow at 8:30 am ET. Gene Lee, CEO, and other senior management will discuss first quarter results and conduct a question and answer session. For those who cannot listen to the live broadcast, a replay will be available shortly after the call.

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