Honeywell (HON) Offering Possible 19.05% Return Over the Next 17 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $167.50 short put and a strike $162.50 long put offers a potential 19.05% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $167.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $162.50 long put strike price.

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

The RSI indicator is at 68.7 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 Honeywell

Honeywell To Present At Baird 2019 Global Industrial Conference
Fri, 25 Oct 2019 12:00:00 +0000
CHARLOTTE, N.C. , Oct. 25, 2019 /PRNewswire/ — Honeywell (NYSE: HON) today announced that Rajeev Gautam , president and chief executive officer of Honeywell Performance Materials and Technologies, will …

Honeywell to bring Honeywell Robotics to the Strip District
Thu, 24 Oct 2019 15:46:33 +0000
$40 billion international conglomerate sets up new business unit to join the growing ranks of company's in Pittsburgh's Robotics Row

Honeywell Establishes Robotics Innovation Hub For Next Generation Distribution Centers
Thu, 24 Oct 2019 14:02:00 +0000
New center of excellence will generate breakthrough technologies using artificial intelligence, machine learning, computer vision and advanced robotics CHARLOTTE, N.C. , Oct. 24, 2019 /PRNewswire/ — Honeywell …

Hard Investing Lessons From a Painful Small-Cap Stock Pick
Thu, 24 Oct 2019 11:10:00 +0000
Resideo Technologies shares plunged almost 40% on Wednesday, after the company pre-announced weak results ahead of its third-quarter earnings call.

Edited Transcript of HON earnings conference call or presentation 17-Oct-19 12:30pm GMT
Wed, 23 Oct 2019 10:15:34 +0000
Q3 2019 Honeywell International Inc Earnings Call

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