Illumina Offering Possible 18.34% Return Over the Next 18 Calendar Days

Illumina's most recent trend suggests a bullish bias. One trading opportunity on Illumina is a Bull Put Spread using a strike $145.00 short put and a strike $135.00 long put offers a potential 18.34% 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 $145.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $8.45 would be incurred if the stock dropped below the $135.00 long put strike price.

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

The RSI indicator is below 20 which suggests that the stock is in oversold 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 Illumina

ILLUMINA INC Files SEC form 8-K, Other Events
Mon, 03 Feb 2014 21:31:25 GMT

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Fri, 31 Jan 2014 20:30:32 GMT
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Fri, 31 Jan 2014 12:14:17 GMT

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Thu, 30 Jan 2014 20:02:16 GMT

Illumina Beats on Q4 Earnings, Revs (revised)
Thu, 30 Jan 2014 14:30:06 GMT

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