Walgreen (WAG) Offering Possible 17.65% Return Over the Next 16 Calendar Days

Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $66.00 short put and a strike $61.00 long put offers a potential 17.65% 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 $66.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $61.00 long put strike price.

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

[$$] Walgreen Debt Sale Puts Issuance on Pace for Record
Fri, 07 Nov 2014 05:38:49 GMT
The Wall Street Journal – The drugstore operator’s $8 billion raise is tied as the fifth-largest debt sale of 2014 and sets bond issuance up for another record year.

U.S. judge blocks Walgreens' move to seal all material in ex-CFO suit
Fri, 07 Nov 2014 02:04:41 GMT

Judge blocks Walgreens' move to seal all material in CFO suit
Fri, 07 Nov 2014 00:15:52 GMT

Walgreens Announces Pricing of $8 Billion Notes Offering
Thu, 06 Nov 2014 23:13:36 GMT
noodls – 06 November 2014 DEERFIELD, Ill., November 06, 2014 – Walgreen Co. (NYSE: WAG) (Nasdaq: WAG) today announced that its wholly owned subsidiary, Walgreens Boots Alliance, Inc., has priced an underwritten …

6:07 pm Walgreens announces pricing of $8 bln notes offering
Thu, 06 Nov 2014 23:07:00 GMT

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