Diamond Offshore (DO) Offering Possible 8.46% Return Over the Next 15 Calendar Days

Diamond Offshore's most recent trend suggests a bullish bias. One trading opportunity on Diamond Offshore is a Bull Put Spread using a strike $47.50 short put and a strike $42.50 long put offers a potential 8.46% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.50 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock dropped below the $42.50 long put strike price.

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

The RSI indicator is at 74.75 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

This Trend Could Run Transocean's and Diamond Offshore Drilling's Ships Aground
Sat, 05 Apr 2014 18:02:06 GMT

Diamond Offshore to Release First Quarter 2014 Results on April 24
Thu, 03 Apr 2014 21:00:00 GMT
PR Newswire – HOUSTON, April 3, 2014 /PRNewswire/ — Diamond Offshore Drilling, Inc. (DO) announced today that it will issue a press release and host a conference call and webcast related to its first quarter 2014 operating results on Thursday, April 24, 2014. The conference call and webcast will begin at 9:00 a.m. CDT and will include a discussion by management regarding the Company's results of operation. The news release and a live webcast of the conference call will be available online at the Company's website, www.diamondoffshore.com. The dial-in number to participate in the conference call is 800-247-9979. Those individuals calling from international locations may participate by dialing 973-321-1100. The conference ID number is 25367618. A replay of the call will be available at www.diamondoffshore.com or by dialing 855-859-2056, or internationally, 404-537-3406. The telephone replay requires conference ID number 25367618 and will be available through May 8, 2014.

Deepwater Driller Plunge: Legacy Drillers
Thu, 03 Apr 2014 13:45:59 GMT

DIAMOND OFFSHORE DRILLING INC Files SEC form 8-K, Change in Directors or Principal Officers
Tue, 01 Apr 2014 20:50:50 GMT

Energize Your Portfolio With NRG And Exelon
Tue, 01 Apr 2014 15:35:09 GMT

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