Walgreen (WAG) Offering Possible 21.36% Return Over the Next 22 Calendar Days

Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $63.50 short put and a strike $58.50 long put offers a potential 21.36% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $63.50 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock dropped below the $58.50 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 at 75.69 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 Walgreen

Two drug stores to buy despite the market being high
Mon, 03 Nov 2014 04:01:30 GMT

Walgreens CFO to Present at Credit Suisse 2014 Healthcare Conference Nov. 12
Fri, 31 Oct 2014 16:31:00 GMT
Business Wire – Timothy McLevish, chief financial officer, Walgreen Co. , will present during the Credit Suisse Healthcare Conference at the Arizona Biltmore, Phoenix, Arizona, at approximately 8:30 a.m.

Thursday’s Notable Options Activity: Semiconductors Active
Fri, 31 Oct 2014 12:39:23 GMT

In Wake Of MCX Breach, Walgreens Looks Even Smarter For Embracing Apple Pay
Wed, 29 Oct 2014 23:33:00 GMT

Jim Cramer on iPay and Drugstores: Apple Is a Win for Walgreen
Wed, 29 Oct 2014 13:40:00 GMT

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