WellPoint Offering Possible 11.36% Return Over the Next 25 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 11.36% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock dropped below the $85.00 long put strike price.

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

The RSI indicator is at 77.9 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 WellPoint

An Obamacare reinsurance payout boost proposed
Tue, 26 Nov 2013 21:54:31 GMT
CNBC – Officials want Obamacare insurers to get a bigger share of a pot of reinsurance money that will cover their costs from high-claim enrollees.

U.S. health plan to up aid to insurers on sicker members
Tue, 26 Nov 2013 19:06:13 GMT
Reuters – The U.S. government is proposing compensation to help insurers participating in Obamacare health exchanges who fear that their costs will spin out of control if their plans are dominated by sicker people. Fears about cost burdens from sicker patients increased when President Barack Obama introduced a “fix” to fulfill his promise to let people who like their existing insurance plans keep them. The law also set new standards for health insurance that millions of existing policies did not meet, causing companies to send cancellation notices that critics said broke Obama's long-standing promise that people could keep their policies. Those individual market policies are believed to be held by healthier people, who may now be less likely to sign up for policies sold through the exchanges, overloading them with costlier consumers.

WellPoint Downgraded to Neutral
Mon, 25 Nov 2013 18:40:02 GMT

Insurers Will Help Enroll Obamacare Customers in 3 States
Sat, 23 Nov 2013 00:36:20 GMT
Bloomberg – Insurers in the three of the largest states relying on the federal health-care website are set to help the government bypass technical issues and sign up customers in health plans, the U.S. said.

How Will Health Law Affect Business? CEOs Weigh In
Thu, 21 Nov 2013 20:08:50 GMT

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