Seagate (STX) Offering Possible 24.38% Return Over the Next 26 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $65.50 short put and a strike $60.50 long put offers a potential 24.38% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.50 by expiration. The full premium credit of $0.98 would be kept by the premium seller. The risk of $4.02 would be incurred if the stock dropped below the $60.50 long put strike price.

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

The RSI indicator is at 62.62 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 Seagate

Seagate Technology Announces Pricing And Increased Size Of Senior Unsecured Notes Offering
Mon, 24 Nov 2014 23:08:13 GMT
noodls – CUPERTINO, CA – Seagate Technology plc (NASDAQ: STX) announced that it has increased the size of its previously announced offering of $300 million aggregate principal amount of senior notes due 2034 (the …

Seagate Technology Announces Pricing and Increased Size of Senior Unsecured Notes Offering
Mon, 24 Nov 2014 22:58:00 GMT
Business Wire – Seagate Technology plc announced that it has increased the size of its previously announced offering of $300 million aggregate principal amount of senior notes due 2034 to $500 million.

Software Defined Storage Disruption? When Commodity Storage Refuses to Remain Commodity
Mon, 24 Nov 2014 20:38:00 GMT

Seagate Loses Last Junk Bond Rating
Mon, 24 Nov 2014 18:53:13 GMT
24/7 Wall St. – Seagate Technology PLC (NASDAQ: STX) received good news on Monday, that its unsecured debt rating had been upgraded by Moody’s. What this means is that Seagate is now considered investment grade by all …

Seagate Technology Announces Offering Of $300 Million Of Senior Unsecured Notes And Call For Redemption Of The Outstanding 6.800% Senior Notes Due 2016
Mon, 24 Nov 2014 12:58:04 GMT
noodls – CUPERTINO, CA – Seagate Technology plc (NASDAQ: STX) today announced that it intends, subject to market and other conditions, to offer up to $300 million aggregate principal amount of senior notes (the …

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