Honeywell (HON) Offering Possible 7.99% Return Over the Next 25 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $105.00 short put and a strike $95.00 long put offers a potential 7.99% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $105.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $9.26 would be incurred if the stock dropped below the $95.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Honeywell 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 down which suggests that the medium-term momentum for Honeywell is bearish.

The RSI indicator is at 29.66 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

Rockwell deal to buy B/E Aero rekindles speculation over Zodiac
Mon, 24 Oct 2016 09:56:32 GMT

Inmarsat signs MoU to appoint Honeywell as distribution partner for new aviation safety communications service
Mon, 24 Oct 2016 07:11:06 GMT
noodls – Honeywell is set to supply airlines and business aviation operators with new SwiftBroadband-Safety solution for improved safety and operations 24 October 2016: Inmarsat (ISAT.L), the world's leading provider …

Boeing takes on peers, partners in bid for replacement parts business
Mon, 24 Oct 2016 05:27:48 GMT

Boeing takes on peers, partners in bid for replacement parts business
Mon, 24 Oct 2016 05:25:31 GMT

[$$] Earnings Watch
Mon, 24 Oct 2016 02:47:42 GMT

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