Safeway Offering Possible 16.28% Return Over the Next 22 Calendar Days

Safeway's most recent trend suggests a bullish bias. One trading opportunity on Safeway is a Bull Put Spread using a strike $36.00 short put and a strike $31.00 long put offers a potential 16.28% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $36.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $31.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Safeway 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 Safeway 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 Safeway

Is Safeway, Inc. Destined for Greatness?
Fri, 28 Feb 2014 13:31:56 GMT

How investor is staying in Safeway
Fri, 28 Feb 2014 10:45:37 GMT

Safeway could have more than one suitor, says Deutsche Bank
Thu, 27 Feb 2014 11:46:22 GMT

SAFEWAY INC Files SEC form 10-K, Annual Report
Wed, 26 Feb 2014 11:01:00 GMT

Safeway, Uber, And The Economic Lessons Of Winter Blizzards
Mon, 24 Feb 2014 21:00:00 GMT

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