McKesson (MCK) Offering Possible 16.28% Return Over the Next 7 Calendar Days

McKesson's most recent trend suggests a bullish bias. One trading opportunity on McKesson is a Bull Put Spread using a strike $138.00 short put and a strike $133.00 long put offers a potential 16.28% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $138.00 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 $133.00 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 30.38 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

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces the Commencement of an Investigation Involving Possible Breaches of Fiduciary Duty by the Board of McKesson Corporation
Tue, 07 Feb 2017 23:10:00 GMT
Business Wire – Levi & Korsinsky announces it has commenced an investigation of McKesson Corporation concerning possible breaches of fiduciary duty by the board of directors of the company.

Oregon Advanced Imaging Selects McKesson for Revenue Cycle Management
Tue, 07 Feb 2017 14:00:00 GMT
Business Wire – Medford, Oregon-based Oregon Advanced Imaging has chosen McKesson Business Performance Services for help in improving charge capture, accelerating accounts receivable and reducing bad debt.

Value-based Care Services Provider, ACO Partner, Gains Traction in Arizona
Mon, 06 Feb 2017 14:00:00 GMT
Business Wire – ACO Partner, a newly formed joint venture designed to help strengthen clinical and financial outcomes for patients, providers and payers, is continuing to gain momentum and market share following its launch in Arizona last year.

Fast-growing CoverMyMeds to be acquired by McKesson for $1.1B
Fri, 03 Feb 2017 19:40:12 GMT

‘We just did a very big thing' – Inside the room when CoverMyMeds CEO broke the news of McKesson's $1.1B deal to staff
Fri, 03 Feb 2017 19:39:17 GMT

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