Mylan (MYL) Offering Possible 23.46% Return Over the Next 19 Calendar Days

Mylan's most recent trend suggests a bullish bias. One trading opportunity on Mylan is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 23.46% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $52.50 long put strike price.

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

The RSI indicator is at 69.63 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 Mylan

Mylan and Canadian AIDS Society Team up in Cross-Country Relay to Accelerate Canada's Fight Against HIV/AIDS
Tue, 02 Dec 2014 02:05:18 GMT
noodls – OTTAWA, Ontario , Dec. 1, 2014 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL) and the Canadian AIDS Society (CAS) today announced a joint initiative to raise funds and awareness for Canadians and people worldwide …

Mylan and Canadian AIDS Society Team up in Cross-Country Relay to Accelerate Canada's Fight Against HIV/AIDS
Tue, 02 Dec 2014 02:00:00 GMT
PR Newswire – OTTAWA, Dec. 1, 2014 /CNW Telbec/ – Mylan Inc. (Nasdaq: MYL) and the Canadian AIDS Society (CAS) today announced a joint initiative to raise funds and awareness for Canadians and people worldwide who are …

Mylan and Canadian AIDS Society Team up in Cross-Country Relay to Accelerate Canada's Fight Against HIV/AIDS
Tue, 02 Dec 2014 02:00:00 GMT
CNW Group – Mylan and Canadian AIDS Society Team up in Cross-Country Relay to Accelerate Canada's Fight Against HIV/AIDS

Peanut Allergy Patch Quest Has French Company Spurning Suitors
Mon, 01 Dec 2014 23:00:01 GMT

EU mergers and takeovers (Dec 1)
Mon, 01 Dec 2014 21:53:19 GMT
Reuters – UK Focus – The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS — U.S. medical device maker Medtronic Inc to acquire Irish peer …

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