Diamond Offshore (DO) Offering Possible 10.11% Return Over the Next 16 Calendar Days

Diamond Offshore's most recent trend suggests a bearish bias. One trading opportunity on Diamond Offshore is a Bear Call Spread using a strike $31.00 short call and a strike $37.75 long call offers a potential 10.11% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $31.00 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $6.13 would be incurred if the stock rose above the $37.75 long call strike price.

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

The RSI indicator is at 32.78 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 Diamond Offshore

NYSE stocks posting largest percentage decreases
Thu, 04 Dec 2014 23:03:26 GMT
AP – A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.: Tableau software Inc. fell 9.2 percent to $61.03. Intrexon Corp. fell 8.7 percent to $23.80. Arista Networks fell 8.7 …

US STOCKS-Cyclicals lead Wall St higher; Dow, S&P end at records
Wed, 03 Dec 2014 21:23:34 GMT

US STOCKS-Cyclicals lead Wall St higher; Dow, S&P end at records
Wed, 03 Dec 2014 21:23:34 GMT

US STOCKS-Dow hits record as energy rises for 3rd straight day
Wed, 03 Dec 2014 19:14:40 GMT

US STOCKS-Dow hits record as energy rises for 3rd straight day
Wed, 03 Dec 2014 17:18:13 GMT

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