Simon Property (SPG) Offering Possible 17.65% Return Over the Next 8 Calendar Days

Simon Property's most recent trend suggests a bearish bias. One trading opportunity on Simon Property is a Bear Call Spread using a strike $130.00 short call and a strike $140.00 long call offers a potential 17.65% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $130.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $8.50 would be incurred if the stock rose above the $140.00 long call strike price.

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

The RSI indicator is at 60.05 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 Simon Property

C3 Announces Opening of Citizens Food Halls Across the U.S.
Tue, 11 May 2021 15:02:00 +0000
C3 (Creating Culinary Communities), the revolutionary food and beverage platform founded by Sam Nazarian, announces the upcoming opening of Citizens, a lifestyle food hall, in New York City and Atlanta, with more cities to follow. Through the development of digital-first brands, C3 has become a leader in the ghost kitchen space, and the food halls will further propel the company's expansion into brick-and-mortar retail environments. A first-of-its kind dining concept, Citizens will exclusively feature a lineup of vendors owned and operated by C3, including popular brands such as Krispy Rice, EllaMia and Sam's Crispy Chicken. Citizens will be fully powered by C3's robust “CITIZENS GO” tech stack, inclusive of the just-launched meal delivery and pickup app of the same name.

Simon Property (SPG) Beats on Q1 FFO & Revenues, Raises '21 View
Tue, 11 May 2021 12:37:12 +0000
Simon Property's (SPG) Q1 results reflect better-than-expected top-line growth. With an improving operating environment, the retail REIT also raised the 2021 FFO per share outlook.

Simon Property Group (SPG) Q1 2021 Earnings Call Transcript
Tue, 11 May 2021 07:01:15 +0000
SPG earnings call for the period ending March 31, 2021.

Simon Property Tops Earnings and Revenue Estimates; Target Price $137 in Best Case
Tue, 11 May 2021 06:15:34 +0000
Simon Property Group, a self-administered and self-managed real estate investment trust, reported better-than-expected earnings in the first quarter and lifted full-year 2021 guidance, sending its stock to a 14-month high in intra-day trading on Monday.

Bullish Simon Boosts Outlook
Mon, 10 May 2021 23:46:48 +0000
American Eagle Outfitters, Prada, Gucci, Louis Vuitton, Levi's, Rue 21, Marc Jacobs, Bottega Veneta and Saint Laurent were cited as performing well.

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