State Street (STT) Offering Possible 10.62% Return Over the Next 3 Calendar Days

State Street's most recent trend suggests a bearish bias. One trading opportunity on State Street is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 10.62% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock rose above the $70.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for State Street 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 down which suggests that the medium-term momentum for State Street is bearish.

The RSI indicator is at 27.65 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 State Street

[$$] State Street CEO Joseph Hooley to Retire at End of Year
Fri, 14 Dec 2018 15:19:28 +0000
State Street’s Joseph L. Hooley will retire as chief executive officer on Dec. 31, with Ronald P. O’Hanley taking over on Jan. 1.

State Street Corporation Declares Quarterly Dividend on its Common Stock
Thu, 13 Dec 2018 21:15:00 +0000
State Street Corporation today announced a quarterly cash dividend of $0.47 per share of common stock, payable on Wednesday, January 16, 2019 to common shareholders of record at the close of business on Wednesday, January 2, 2019.

Veteran trader Peter Borish talks wild market swings
Wed, 12 Dec 2018 22:14:30 +0000
Peter Borish talk market swings, what we should look for when investing in 2019 and he says the biggest risk for the markets is fiscal instability

Index-Investing Critic Takes Aim, Fires, Misses
Wed, 12 Dec 2018 15:21:16 +0000
BlackRock Inc., Vanguard Group Inc. and State Street Corp.,(1) the top three indexers, collectively own more than 10 percent of every company in the U.S. They own lots of overseas stakes as well. This shift represents an existential threat to numerous parts of the financial services industry: Once investors decide to simply “buy the market,” many types of financial jobs are no longer necessary, from human traders to newsletter writers to various active management strategies. There are three reasons why indexing has become so popular.

[$$] FirstFT: Today’s top stories
Wed, 12 Dec 2018 12:50:06 +0000
FT subscribers can click here to receive FirstFT every day by email. Theresa May has returned from a European tour where she unsuccessfully tried to persuade leaders to improve her Brexit deal, only to …

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