Red Hat (RHT) Offering Possible 11.11% Return Over the Next 21 Calendar Days

Red Hat's most recent trend suggests a bullish bias. One trading opportunity on Red Hat is a Bull Put Spread using a strike $79.50 short put and a strike $74.50 long put offers a potential 11.11% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $79.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $74.50 long put strike price.

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

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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 Red Hat

RED HAT INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Mon, 26 Sep 2016 20:29:10 GMT

ETF’s with exposure to Red Hat, Inc. : September 26, 2016
Mon, 26 Sep 2016 15:18:04 GMT

Red Hat Announces Ansible Tower App for Splunk, Enabling Intelligence and Automation Enhancements
Mon, 26 Sep 2016 13:09:03 GMT
noodls – RALEIGH, N.C. – September 26, 2016- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced the availability of the Ansible Tower App for Splunk, an application …

Red Hat Announces Ansible Tower App for Splunk, Enabling Intelligence and Automation Enhancements
Mon, 26 Sep 2016 13:00:00 GMT
Business Wire – Red Hat, Inc. , the world's leading provider of open source solutions, today announced the availability of the Ansible Tower App for Splunk, an application that integrates Ansible Tower by Red Hat with Splunk® Enterprise and Splunk Cloud.

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