SunTrust (STI) Offering Possible 7.99% Return Over the Next 16 Calendar Days

SunTrust's most recent trend suggests a bullish bias. One trading opportunity on SunTrust is a Bull Put Spread using a strike $40.00 short put and a strike $35.00 long put offers a potential 7.99% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $40.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $35.00 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 at 53.46 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 SunTrust

Should You Hold on to SunTrust Despite Revenue Pressure?
Fri, 28 Nov 2014 16:10:02 GMT

SunTrust to Present at the Goldman Sachs US Financial Services Conference
Tue, 25 Nov 2014 21:40:00 GMT
PR Newswire – ATLANTA, Nov. 25, 2014 /PRNewswire/ — SunTrust Banks, Inc. (NYSE: STI) is scheduled to make a presentation at the Goldman Sachs US Financial Services Conference on Tuesday, December 9, 2014. Time: …

SUNTRUST BANKS INC Financials
Tue, 18 Nov 2014 18:04:30 GMT

SunTrust Enhances Payment Options with Apple Pay
Tue, 18 Nov 2014 14:00:00 GMT
PR Newswire – ATLANTA, Nov. 18, 2014 /PRNewswire/ — SunTrust Banks, Inc. (NYSE: STI) is now offering clients and merchants Apple Pay, an easy, secure and private way to conduct payment transactions. Apple Pay will …

November 17, 2014 SunTrust Survey: Holiday Shoppers Feel Pressured to Over-Spend
Mon, 17 Nov 2014 19:21:48 GMT
noodls – ATLANTA, Nov. 17, 2014 /PRNewswire/ — Nearly 40 percent of Americans feel pressured to spend more than they can afford during the holidays, according to a recent survey conducted online among over 2,000 …

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