Illinois Tool (ITW) Offering Possible 14.94% Return Over the Next 18 Calendar Days

Illinois Tool's most recent trend suggests a bullish bias. One trading opportunity on Illinois Tool is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 14.94% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $85.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Illinois Tool 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 Illinois Tool 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 Illinois Tool

10-Q for Illinois Tool Works, Inc.
Tue, 04 Nov 2014 00:08:29 GMT

ITW Board of Directors Declare Quarterly Dividend
Fri, 31 Oct 2014 16:18:07 GMT
noodls – GLENVIEW, Ill., Oct. 31, 2014 (GLOBE NEWSWIRE) — The Board of Directors of Illinois Tool Works Inc. (NYSE:ITW) today declared a regular quarterly cash dividend of $0.485 per share. The dividend equates …

ITW Board of Directors Declare Quarterly Dividend
Fri, 31 Oct 2014 15:45:28 GMT
GlobeNewswire – GLENVIEW, Ill. — The Board of Directors of Illinois Tool Works Inc. today declared a regular quarterly cash dividend of $0.485 per share. The dividend equates to $1.94 per share on a full-year basis. …

ILLINOIS TOOL WORKS INC Files SEC form 10-Q, Quarterly Report
Fri, 31 Oct 2014 14:17:03 GMT

Are you not entertained?
Tue, 28 Oct 2014 14:15:49 GMT

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