Sysco (SYY) Offering Possible 6.38% Return Over the Next 29 Calendar Days

Sysco's most recent trend suggests a bullish bias. One trading opportunity on Sysco is a Bull Put Spread using a strike $75.00 short put and a strike $65.00 long put offers a potential 6.38% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $9.40 would be incurred if the stock dropped below the $65.00 long put strike price.

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

The RSI indicator is at 67.53 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 Sysco

Company News for Aug 11, 2021
Wed, 11 Aug 2021 13:40:01 +0000
Companies In The News Are: VSH, SYY, NOVT, BEAM

Sysco Corporation (NYSE:SYY) Shares Could Be 38% Below Their Intrinsic Value Estimate
Wed, 11 Aug 2021 12:17:15 +0000
Does the August share price for Sysco Corporation ( NYSE:SYY ) reflect what it's really worth? Today, we will estimate…

Sysco Corporation (SYY) Q4 2021 Earnings Call Transcript
Wed, 11 Aug 2021 00:30:43 +0000
SYY earnings call for the period ending June 30, 2021.

Sysco (SYY) Q4 Earnings & Revenues Top Estimates, View Raised
Tue, 10 Aug 2021 14:31:02 +0000
Sysco's (SYY) fourth-quarter fiscal 2021 results reflect increased top and bottom lines as certain markets are reopening. Management lifts EPS view for fiscal 2022.

Sysco (SYY) Q4 Earnings and Revenues Surpass Estimates
Tue, 10 Aug 2021 13:25:01 +0000
Sysco (SYY) delivered earnings and revenue surprises of 24.56% and 10.83%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

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