McKesson Offering Possible 19.05% Return Over the Next 17 Calendar Days

McKesson's most recent trend suggests a bullish bias. One trading opportunity on McKesson is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 19.05% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $8.40 would be incurred if the stock dropped below the $145.00 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 above 80 which suggests that the stock is in overbought 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 McKesson

MCKESSON CORP Financials
Wed, 30 Oct 2013 17:04:11 GMT

Coverage initiated on McKesson by FBR Capital
Tue, 29 Oct 2013 02:48:17 GMT

Daily Dividend Report: BKW, D, MCK, ETR, CNA
Mon, 28 Oct 2013 16:34:00 GMT
Forbes – This morning, Burger King Worldwide (BKW) declared its quarterly dividend of 7 cents per share, an increase of about 16% over its prior dividend. Based on the current stock price, investors can expect a yield of about 1.4% going forward. Shares of Burger King were higher on Monday, picking up […]

Sean Hogan, the Vice President of IBM Healthcare (IBM), Interviews with The Wall Street Transcript
Mon, 28 Oct 2013 14:39:00 GMT
Wall Street Transcript – 67 WALL STREET, New York – October 28, 2013 – The Wall Street Transcript has just published its Health Care IT Report offering a timely review of the sector to serious investors and industry executives. …

Providers Rank RelayHealth Number One in Revenue Cycle Satisfaction
Mon, 28 Oct 2013 12:00:00 GMT
Business Wire – In the largest opinion poll ever undertaken on revenue cycle management software, providers named McKesson RelayHealth Financial number one in Customer Satisfaction, besting 104 other vendors in the study.

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