Walgreen (WAG) Offering Possible 18.76% Return Over the Next 17 Calendar Days

Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 18.76% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $60.00 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

10-K/A for Walgreen Co.
Thu, 06 Nov 2014 00:08:33 GMT

Roaring high-grade market easily tops issuance forecast
Wed, 05 Nov 2014 23:58:29 GMT
Reuters – UK Focus – By Mike Gambale and Danielle Robinson NEW YORK, Nov 5 – The US high-grade market has easily met syndicate forecasts of a minimum US$30bn for the week's issuance after another US$12bn of supply printed …

[$$] Walgreen Prepares Large Bond Sale
Wed, 05 Nov 2014 22:45:16 GMT

October Retail Sales Likely Hurt By Shopping Lull
Wed, 05 Nov 2014 19:48:00 GMT
Investor's Business Daily – Retailers likely saw soft October sales gains as consumers took a breather. As of Wednesday, analysts were expecting October sales at stores open at least a year to rise 3.8% vs. a year earlier, according …

Labor pension adviser wants broader SEC probe of Walgreen
Wed, 05 Nov 2014 19:04:55 GMT
Reuters – Broadening its criticism of Walgreen Co, labor pension adviser CtW Investment Group said it has asked the U.S. A complaint CtW said it delivered to the SEC on Wednesday, the latest in a series it has brought to the agency, outlined what it called apparent rule violations based on details made by Wade Miquelon, Walgreen's former chief financial officer. Among other things, CtW cited Miquelon's contention that Walgreen executives said his finance unit had lax controls. CtW said the description “calls into question” Walgreen's previous financial certifications as required by the Sarbanes-Oxley Act.

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