Philip Morris (PM) Offering Possible 23.15% Return Over the Next 3 Calendar Days

Philip Morris's most recent trend suggests a bullish bias. One trading opportunity on Philip Morris is a Bull Put Spread using a strike $77.00 short put and a strike $72.00 long put offers a potential 23.15% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock dropped below the $72.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Philip Morris is bearish and the probability of a decline 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 Philip Morris is bullish.

The RSI indicator is at 72.43 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 Philip Morris

8 Lowest Tar and Nicotine Cigarette Brands in 2019
Mon, 14 Oct 2019 02:28:30 +0000
For those looking for a milder taste and lighter effect of a cigarette, we prepared a list of lowest tar and nicotine cigarette brands in 2019. Let’s start off with some crude facts. A cigarette consists of around 600 ingredients, which contain more than 7000 chemicals, of which 4,000 to 5,000 are harmful. Tar and nicotine are only two […]

Researcher explains how e-cigarette smoke is linked to lung cancer in mice
Fri, 11 Oct 2019 18:54:33 +0000
The CDC says the total cases of vaping-related illnesses rose to nearly 1,300 incidents, and at least 26 confirmed deaths. Yahoo Finance's Zack Guzman & Julia La Roche, along with CapitalistBook.com author Nathan Latka discuss with NYU School of Medicine's Moon-Shong Tang.

Earnings Preview: Philip Morris (PM) Q3 Earnings Expected to Decline
Thu, 10 Oct 2019 14:31:02 +0000
Philip Morris (PM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Philip Morris International Inc. to Host Webcast of 2019 Third-Quarter Results
Thu, 10 Oct 2019 14:16:00 +0000
Regulatory News:

Will Cigarette Woes Hurt Philip Morris (PM) in Q3 Earnings?
Thu, 10 Oct 2019 13:27:01 +0000
Philip Morris' (PM) Q3 performance to gain from pricing and IQOS expansion. However, low cigarette sales volumes are a worry.

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