Honeywell (HON) Offering Possible 6.61% Return Over the Next 11 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 6.61% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $4.69 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 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 78.25 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 Supports President Obama and President Xi's Environmental Commitments and Emissions Reduction Goals
Wed, 12 Nov 2014 04:10:00 GMT
PR Newswire – MORRIS TOWNSHIP, N.J., Nov. 11, 2014 /PRNewswire/ — We applaud the environmental commitments that President Obama and President Xi announced today. Governments need to take meaningful steps to reduce …

Honeywell to Upgrade Controls at 2 Turkish Refineries
Tue, 11 Nov 2014 23:05:21 GMT

Three In Four Adults Across 10 Countries Are Fearful That Cyber Attacks Could Damage Their Country's Economy, According To Honeywell Survey
Tue, 11 Nov 2014 08:00:00 GMT
PR Newswire – HOUSTON, Nov. 11, 2014 /PRNewswire/ — Three quarters of surveyed adults (75 percent) across 10 countries say they are fearful that cyber hackers are carrying out attacks on major industries and sectors …

Honeywell And NASA Bring Stem Education Event Back For 10th Year, 1000th School
Mon, 10 Nov 2014 17:00:00 GMT
PR Newswire – MORRIS TOWNSHIP, N.J., Nov. 10, 2014 /PRNewswire/ — Honeywell (NYSE:HON) and NASA are celebrating 10 years of collaboration with FMA Live! Forces in Motion , an award-winning, hip-hop physics education …

Honeywell To Boost Refinery Operations In Turkey
Mon, 10 Nov 2014 15:40:57 GMT
noodls – Comprehensive Five-Year Deal Will Upgrade Controls and Reduce Maintenance Costs at Two Tupras Refineries ISTANBUL, Turkey , Nov. 10, 2014 /PRNewswire/ — Honeywell (NYSE:HON) Process Solutions announced …

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