Intercontinental (ICE) Offering Possible 7.53% Return Over the Next 27 Calendar Days

Intercontinental's most recent trend suggests a bearish bias. One trading opportunity on Intercontinental is a Bear Call Spread using a strike $105.00 short call and a strike $115.00 long call offers a potential 7.53% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $105.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $9.30 would be incurred if the stock rose above the $115.00 long call strike price.

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

The RSI indicator is at 40.33 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 Intercontinental

Earnings Preview: IntercontinentalExchange (ICE) Q3 Earnings Expected to Decline
Thu, 22 Oct 2020 16:33:04 +0000
ICE (ICE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Datto's stock opens 19% above IPO price, then pulls back
Wed, 21 Oct 2020 17:19:00 +0000
Shares of Datto Holding Corp. rallied out of the gate, as they opened 18.5% above the initial public offering price, before paring gains. The cloud-based software company, which is a wholly owned subsidiary of New York Stock Exchange parent Intercontinental Exchange Inc. , raised $594.0 million in the IPO, which priced at $27 a sjare, at the top of the expected range of $24 to $27 a share. With 157.55 million shares outstanding after the IPO, the pricing valued the company at about $4.25 billion. The stock's first trade on the NYSE was at $32.00 at 12:05 p.m. Eastern for 2.3 million shares. The stock has pulled back since then, to trade 4.7% above the IPO price. Morgan Stanley, BofA Securities, Barclays and Credit Suisse were the lead underwriters. In the six months ended June 30, Datto recorded net income of $10.1 million on revenue of $249.1 million, after a net loss of $25.7 million on revenue of $214.9 million in the same period a year ago. The company has gone public at a time that the Renaissance IPO ETF has rallied 23.9% over the past three months while the S&P 500 has gained 6.6%.

Datto Makes Public Debut on the New York Stock Exchange
Wed, 21 Oct 2020 17:00:00 +0000
The New York Stock Exchange welcomed Datto Holding Corp. to the NYSE after it opened for trading today under the ticker symbol "MSP."

Were Hedge Funds Right About Crowding Into Intercontinental Exchange Inc (ICE)?
Wed, 21 Oct 2020 15:34:29 +0000
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

PennyMac Live on Ellie Mae's Next Generation Digital Lending Platform for Correspondent Business Less Than One Year After Announcing Expanded Partnership
Wed, 21 Oct 2020 13:00:00 +0000
Ellie Mae®, the leading cloud-based platform provider for the mortgage finance industry and now ICE Mortgage Technology, a division of Intercontinental Exchange, Inc. (NYSE: ICE), today announced that PennyMac Corp., a subsidiary of PennyMac Mortgage Investment Trust (NYSE: PMT) and currently the largest correspondent aggregator in the United States, is live with Ellie Mae's next generation Digital Lending Platform for its correspondent business.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.