The Goodyear Tire (GT) Offering Possible 6.8% Return Over the Next 9 Calendar Days

The Goodyear Tire's most recent trend suggests a bullish bias. One trading opportunity on The Goodyear Tire is a Bull Put Spread using a strike $28.50 short put and a strike $23.00 long put offers a potential 6.8% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $28.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $5.15 would be incurred if the stock dropped below the $23.00 long put strike price.

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

The RSI indicator is at 69.34 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 The Goodyear Tire

Cramer: About this pullback …it's not so bad
Tue, 06 Jan 2015 23:00:00 GMT

HALFTIME FINAL TRADES 1/6/15
Tue, 06 Jan 2015 19:35:54 GMT

FMHR Final Trade: CI, XLE, GT & LLY
Tue, 06 Jan 2015 17:58:00 GMT

Good times aren't over: Pro
Tue, 06 Jan 2015 17:02:00 GMT

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Mon, 05 Jan 2015 20:00:00 GMT

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