Mylan (MYL) Offering Possible 7.99% Return Over the Next 26 Calendar Days

Mylan's most recent trend suggests a bullish bias. One trading opportunity on Mylan is a Bull Put Spread using a strike $47.00 short put and a strike $42.00 long put offers a potential 7.99% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $42.00 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 50.23 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

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Mon, 25 Aug 2014 17:23:00 GMT

Ready2Go™ Draft Winners Join Pro Football MVP Adrian Peterson in Educational Video About Anaphylaxis Preparedness
Mon, 25 Aug 2014 12:01:00 GMT
PR Newswire – PITTSBURGH, Aug. 25, 2014 /PRNewswire/ — Mylan Specialty, the fully integrated specialty pharmaceutical business of Mylan Inc. (MYL), and pro football player and EpiPen® (epinephrine) Auto-Injector spokesperson Adrian Peterson today announced the three winners of the Ready2Go™ MVP Draft, a nationwide search to find kids who have potentially life-threatening (severe) allergies and are prepared to respond should a life-threatening allergic reaction (anaphylaxis) occur. The winners recently joined Peterson to film an educational video aimed at helping people recognize the signs and symptoms of anaphylaxis and how to respond if it occurs. “When I experienced anaphylaxis, I didn't know I had a life-threatening allergy, what I was experiencing or how to respond,” said Peterson, who was shown how to administer an EpiPen Auto-Injector into his outer thigh by his athletic trainer.

Mylan Launches First Generic Klor-Con® Extended-Release Tablets
Fri, 22 Aug 2014 14:20:46 GMT
noodls – PITTSBURGH , Aug. 22, 2014 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL) today announced that it has launched Potassium Chloride Extended-release Tablets USP, 8 mEq (600 mg) and 10 mEq (750 mg), which is the …

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Fri, 22 Aug 2014 14:00:00 GMT

Mylan Launches First Generic Klor-Con® Extended-Release Tablets
Fri, 22 Aug 2014 11:30:00 GMT
PR Newswire – PITTSBURGH, Aug. 22, 2014 /PRNewswire/ — Mylan Inc. (Nasdaq: MYL) today announced that it has launched Potassium Chloride Extended-release Tablets USP, 8 mEq (600 mg) and 10 mEq (750 mg), which is the …

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