Walgreen (WAG) Offering Possible 8.93% Return Over the Next 10 Calendar Days

Walgreen's most recent trend suggests a bullish bias. One trading opportunity on Walgreen is a Bull Put Spread using a strike $66.50 short put and a strike $61.50 long put offers a potential 8.93% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $66.50 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $61.50 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 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

Holiday shopping may not be more secure
Wed, 12 Nov 2014 17:40:57 GMT

WALGREEN CO Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Definitive Agre
Wed, 12 Nov 2014 11:33:07 GMT

Bulls riding Walgreen momentum
Tue, 11 Nov 2014 11:45:33 GMT

Walgreens Announces Pricing of £700 Million and €750 Million Notes Offering
Mon, 10 Nov 2014 20:09:57 GMT
noodls – This is an abstract of the original noodl. To continue reading this document, click here for the original version.

Walgreens Announces Pricing of £700 Million and €750 Million Notes Offering
Mon, 10 Nov 2014 19:45:00 GMT
Business Wire – Walgreen Co. today announced that its wholly owned subsidiary, Walgreens Boots Alliance, Inc., has priced an underwritten public offering of unsecured, un

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