Mylan (MYL) Offering Possible 7.42% Return Over the Next 17 Calendar Days

Mylan's most recent trend suggests a bullish bias. One trading opportunity on Mylan is a Bull Put Spread using a strike $52.50 short put and a strike $47.00 long put offers a potential 7.42% 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 $52.50 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $5.12 would be incurred if the stock dropped below the $47.00 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 71.6 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

Actavis Beats on Q3 Earnings, Guides Above Expectations
Wed, 05 Nov 2014 14:16:31 GMT

Mylan Launches Generic Loestrin 24 Fe®
Wed, 05 Nov 2014 12:30:00 GMT
PR Newswire – PITTSBURGH, Nov. 5, 2014 /PRNewswire/ — Mylan Inc. (MYL) today announced the U.S. Mylan received final approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application (ANDA) for this product, which is indicated for the prevention of pregnancy in women who elect to use oral contraceptives as a method of contraception.(1) Mylan has begun shipping product.

MYLAN INC. Files SEC form 8-K, Other Events
Wed, 05 Nov 2014 12:09:24 GMT

The rally that keeps on giving!
Fri, 31 Oct 2014 20:24:00 GMT

Mylan Rises On Q3 Earnings Beat, Affirms Abbott Deal
Fri, 31 Oct 2014 15:17:00 GMT

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