EOG Resources (EOG) Offering Possible 17.1% Return Over the Next 9 Calendar Days

EOG Resources's most recent trend suggests a bullish bias. One trading opportunity on EOG Resources is a Bull Put Spread using a strike $100.00 short put and a strike $90.00 long put offers a potential 17.1% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $1.46 would be kept by the premium seller. The risk of $8.54 would be incurred if the stock dropped below the $90.00 long put strike price.

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

The RSI indicator is at 27.85 level which suggests that the stock is neither overbought nor oversold at this time.

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EOG Resources Inc (EOG) Q3 2018 Earnings Conference Call Transcript
Fri, 02 Nov 2018 21:08:25 +0000
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Edited Transcript of EOG earnings conference call or presentation 2-Nov-18 2:00pm GMT
Fri, 02 Nov 2018 20:16:22 +0000
Q3 2018 EOG Resources Inc Earnings Call

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