National Oilwell (NOV) Offering Possible 16.01% Return Over the Next 23 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 $84.00 short put and a strike $79.00 long put offers a potential 16.01% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $84.00 by expiration. The full premium credit of $0.69 would be kept by the premium seller. The risk of $4.31 would be incurred if the stock dropped below the $79.00 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 69.27 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

National Oilwell Varco Announces Third Quarter 2014 Earnings Conference Call
Tue, 26 Aug 2014 17:28:18 GMT
noodls – HOUSTON–(BUSINESS WIRE)–Aug. 26, 2014– National Oilwell Varco, Inc. (NYSE: NOV) will hold a conference call to discuss the results for the third quarter of 2014 on Thursday, October 30 at 8:00 am (US …

National Oilwell Varco Announces Third Quarter 2014 Earnings Conference Call
Tue, 26 Aug 2014 15:35:00 GMT
Business Wire – National Oilwell Varco, Inc. will hold a conference call to discuss the results for the third quarter of 2014 on Thursday, October 30 at 8:00 am . Fina

NATIONAL OILWELL VARCO INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Ex
Mon, 18 Aug 2014 18:56:29 GMT

National Oilwell Varco Announces the Retirement of Dwight W. Rettig; Craig L. Weinstock to be Appointed Senior Vice President, General Counsel
Mon, 18 Aug 2014 13:38:41 GMT
noodls – HOUSTON–(BUSINESS WIRE)–Aug. 18, 2014– National Oilwell Varco, Inc. (NYSE: NOV) announces that its Executive Vice President, General Counsel and Secretary, Dwight W. Rettig, plans to retire effective …

National Oilwell Varco Announces the Retirement of Dwight W. Rettig; Craig L. Weinstock to be Appointed Senior Vice President, General Counsel
Mon, 18 Aug 2014 11:00:00 GMT
Business Wire – National Oilwell Varco, Inc. announces that its Executive Vice President, General Counsel and Secretary, Dwight W. Rettig, plans to retire effective October 1, 2014, and that the Company has chosen Craig L.

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