McKesson (MCK) Offering Possible 14.75% Return Over the Next 9 Calendar Days

McKesson's most recent trend suggests a bullish bias. One trading opportunity on McKesson is a Bull Put Spread using a strike $142.00 short put and a strike $135.00 long put offers a potential 14.75% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $142.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $6.10 would be incurred if the stock dropped below the $135.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for McKesson 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 McKesson is bullish.

The RSI indicator is at 59.36 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 McKesson

ETFs with exposure to McKesson Corp. : December 2, 2016
Fri, 02 Dec 2016 17:48:51 GMT

Is General Dynamics Corporation (GD) A Good Stock To Buy?
Mon, 28 Nov 2016 15:03:56 GMT

Vulcan Value Partners Talks Oracle (ORCL)’s Value, Plus New Positions in McKesson (MCK), Qorvo (QRVO), More
Sun, 27 Nov 2016 03:29:41 GMT

Hedge Funds Are Dumping Aetna Inc. (AET)
Fri, 25 Nov 2016 12:42:14 GMT

Credit Suisse Cuts McKesson Shares To Underperform
Wed, 23 Nov 2016 14:51:55 GMT

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