National Oilwell (NOV) Offering Possible 13.9% Return Over the Next 25 Calendar Days

National Oilwell's most recent trend suggests a bullish bias. One trading opportunity on National Oilwell is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 13.9% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock dropped below the $75.00 long put strike price.

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

The RSI indicator is at 71.04 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 National Oilwell

NOV June 21st Options Begin Trading
Mon, 21 Apr 2014 17:31:00 GMT

NOV May 30th Options Begin Trading
Thu, 10 Apr 2014 15:19:00 GMT

NATIONAL OILWELL VARCO INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Ex
Wed, 09 Apr 2014 17:15:49 GMT

National Oilwell Varco Announces Appointment of New Director and Spin Update
Wed, 09 Apr 2014 14:13:00 GMT
Business Wire – National Oilwell Varco, Inc. . National Oilwell Varco announced today that Marcela E. Donadio has been appointed to the National Oilwell Varco Board of Directors effecti

2 Spinoffs to Watch out for This Year
Wed, 09 Apr 2014 12:43:56 GMT

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