Illinois Tool (ITW) Offering Possible 16.28% Return Over the Next 33 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 $87.50 short put and a strike $82.50 long put offers a potential 16.28% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $82.50 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 at 75.54 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 Illinois Tool

ILLINOIS TOOL WORKS INC Financials
Fri, 15 Aug 2014 17:04:32 GMT

Illinois Tool Works Hikes Dividend 15%, Stock Gains 2%
Mon, 11 Aug 2014 16:55:02 GMT

ITW Elects Richard H. Lenny to the Board of Directors
Fri, 08 Aug 2014 21:01:12 GMT
noodls – GLENVIEW, Ill., Aug. 8, 2014 (GLOBE NEWSWIRE) — Illinois Tool Works Inc. (NYSE:ITW) today announced that its board of directors unanimously elected Richard H. Lenny to the board as an independent director, …

ILLINOIS TOOL WORKS INC Files SEC form 8-K, Change in Directors or Principal Officers, Amendments to Articles of Inc.
Fri, 08 Aug 2014 19:00:18 GMT

ITW Elects Richard H. Lenny to the Board of Directors
Fri, 08 Aug 2014 18:35:02 GMT
GlobeNewswire – GLENVIEW, Ill. — Illinois Tool Works Inc. today announced that its board of directors unanimously elected Richard H. Lenny to the board as an independent director, effective August 8, 2014.

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