SunTrust (STI) Offering Possible 10.13% Return Over the Next 18 Calendar Days

SunTrust's most recent trend suggests a bullish bias. One trading opportunity on SunTrust is a Bull Put Spread using a strike $39.00 short put and a strike $34.00 long put offers a potential 10.13% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $39.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $34.00 long put strike price.

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

November 04, 2014 Computerworld Names Anil Cheriyan, CIO of SunTrust Banks, Inc. to Premier 100 IT Leaders
Tue, 04 Nov 2014 14:38:48 GMT
noodls – ATLANTA, Nov. 4, 2014 /PRNewswire/ — Anil Cheriyan, CIO of SunTrust Banks, Inc. (NYSE: STI) has been selected by IDG's Computerworld as a 2015 Premier 100 IT Leader. This year's list honors both technology …

Computerworld Names Anil Cheriyan, CIO of SunTrust Banks, Inc. to Premier 100 IT Leaders
Tue, 04 Nov 2014 14:15:00 GMT
PR Newswire – ATLANTA, Nov. 4, 2014 /PRNewswire/ — Anil Cheriyan, CIO of SunTrust Banks, Inc. (STI) has been selected by IDG's Computerworld as a 2015 Premier 100 IT Leader. This year's list honors both technology and business leaders for their exceptional technology leadership and innovative approaches to business challenges. “The Premier 100 awards program showcases the innovative work of a dedicated group of IT leaders who are using technology to solve business problems in their organizations,” said Scot Finnie, editor in chief of Computerworld. “Every day, these tech-savvy professionals are positioning their organizations for success by mapping IT projects to strategic business initiatives.

SUNTRUST BANKS INC Files SEC form 8-K, Other Events
Tue, 04 Nov 2014 13:06:33 GMT

Transferring mortgage servicers can harm homeowners, inspector finds
Wed, 29 Oct 2014 19:45:59 GMT

Faruqi & Faruqi, LLP is Investigating SunTrust Banks, Inc. (STI) on Behalf of its Shareholders
Tue, 28 Oct 2014 19:35:00 GMT
PR Newswire – NEW YORK, Oct. 28, 2014 /PRNewswire/ — Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential wrongdoing at SunTrust Banks, Inc. (“SunTrust” or the “Company”) …

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