E*TRADE Financial (ETFC) Offering Possible 7.18% Return Over the Next 29 Calendar Days

E*TRADE Financial's most recent trend suggests a bullish bias. One trading opportunity on E*TRADE Financial is a Bull Put Spread using a strike $45.00 short put and a strike $35.00 long put offers a potential 7.18% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $9.33 would be incurred if the stock dropped below the $35.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for E*TRADE Financial 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 up which suggests that the medium-term momentum for E*TRADE Financial is bullish.

The RSI indicator is at 54.9 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 E*TRADE Financial

Schwab's (SCHW) May Metrics Improve on Heightened Volatility
Mon, 15 Jun 2020 13:57:01 +0000
Improving net new assets balance is likely to aid Schwab's (SCHW) financials, going forward.

E*TRADE's (ETFC) May 2020 DARTs Increase 6% From April
Mon, 15 Jun 2020 12:33:12 +0000
E*TRADE's (ETFC) Daily Average Revenue Trades (DARTs) of 982,000 for May mark a year-over-year surge of 244%.

E*TRADE Announces $1 Million Donation to Advance Civil Rights, Social Action, and Advocacy
Mon, 15 Jun 2020 12:30:00 +0000
E*TRADE Financial Corporation (NASDAQ: ETFC) today announced two corporate social responsibility initiatives to advance social justice, address racial inequality, and further education in the communities where the company lives and works:

E*TRADE Financial Corporation Reports Monthly Activity for May 2020
Fri, 12 Jun 2020 12:05:00 +0000
E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for May 2020 and also provided an update for June to-date trading activity.

Paul Tudor Jones' Top 5 Holdings as of the 1st Quarter
Thu, 11 Jun 2020 23:00:38 +0000
Hedge fund guru says that companies ‘can no longer exist just to make a profit’ Continue reading…

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