Honeywell (HON) Offering Possible 8.23% Return Over the Next 22 Calendar Days

Honeywell's most recent trend suggests a bullish bias. One trading opportunity on Honeywell is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 8.23% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock dropped below the $87.50 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 78.27 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 Increase Dividend By 15% Effective In The Fourth Quarter 2014
Fri, 31 Oct 2014 13:56:51 GMT
noodls – MORRIS TOWNSHIP, N.J., Oct. 31, 2014 /PRNewswire/ — Honeywell (NYSE: HON) today announced that its Board of Directors has approved a 15 percent increase in the company's regular annual cash dividend rate …

Honeywell to Increase Dividend by 15% Effective in the Fourth Quarter 2014
Fri, 31 Oct 2014 13:56:17 GMT
noodls – Company Declares Quarterly Dividend MORRIS TOWNSHIP, N.J., October 31, 2014 — Honeywell (NYSE: HON) today announced that its Board of Directors has approved a 15 percent increase in the company's regular …

Cramer: Stop ignoring rally
Fri, 31 Oct 2014 13:01:00 GMT

8:44 am Honeywell increases quarterly dividend 15% to $2.07 from $1.80/share
Fri, 31 Oct 2014 12:44:00 GMT

Honeywell To Increase Dividend By 15% Effective In The Fourth Quarter 2014
Fri, 31 Oct 2014 12:43:00 GMT
PR Newswire – MORRIS TOWNSHIP, N.J., Oct. 31, 2014 /PRNewswire/ — Honeywell (HON) today announced that its Board of Directors has approved a 15 percent increase in the company's regular annual cash dividend rate (from $1.80 to $2.07 per common share). The increased regular quarterly dividend will be effective starting with the fourth quarter dividend, which was declared today and is payable on December 10, 2014 to shareowners of record at the close of business on November 20, 2014. “Today's announcement reinforces our commitment to driving shareholder value,” said Honeywell Chairman and CEO Dave Cote. “Our 5-year plan reflects a balanced capital allocation strategy that includes strategic M&A, opportunistic share buybacks and dividends which grow faster than our earnings. We're very proud of our ability to generate the strong earnings and cash growth required to increase our dividend for the tenth time since 2005 and are confident in Honeywell's ability to outperform in the future.”

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