Hartford (HIG) Offering Possible 5.71% Return Over the Next 23 Calendar Days

Hartford's most recent trend suggests a bullish bias. One trading opportunity on Hartford is a Bull Put Spread using a strike $38.50 short put and a strike $33.50 long put offers a potential 5.71% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.50 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $33.50 long put strike price.

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

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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 Hartford

Hartford Financial Servies (HIG) Earnings Report: Q3 2014 Conference Call Transcript
Wed, 29 Oct 2014 14:05:00 GMT

Hartford Funds Enhances DCIO Market Capabilities
Wed, 29 Oct 2014 13:10:00 GMT
Business Wire – Hartford Funds announced today that it has made enhancements to its defined contribution investment-only capabilities by strategically structuring and growing its team, including the appointment of Bill Dougherty, Senior Vice President at Hartford Funds, who will now oversee the firm’s DCIO distribution team of 10 individuals supporting the business.

The Hartford's Q3 Earnings Strong on Better P&C Results
Tue, 28 Oct 2014 15:20:02 GMT

Hartford Offers to Pay Ex-Employees to Give Up Pensions
Mon, 27 Oct 2014 21:40:23 GMT
Bloomberg – Hartford Financial Services Group Inc. (HIG) is working to reduce its retirement obligations by paying former employees to give up their pensions. Last month, the insurer offered voluntary lump-sum payments to about 13,500 workers who had left the company and hadn’t yet started receiving pension payments, Hartford said today in its quarterly filing. Hartford has divested life insurance and retirement units to focus on property-casualty coverage. The firm has also offered payments to clients to give up some retirement products it sold in prior periods in an effort to limit future obligations.

[$$] Hartford Financial Core Profit Rises 15%
Mon, 27 Oct 2014 21:26:27 GMT

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