WellPoint Offering Possible 12.11% Return Over the Next 39 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 12.11% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $77.50 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 61.03 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

WLP January 2016 Options Begin Trading
Mon, 11 Nov 2013 17:38:00 GMT

WellPoint Recognized as Top 100 Military Friendly Employer® by G.I. Jobs.
Mon, 11 Nov 2013 16:36:03 GMT
noodls – INDIANAPOLIS–(BUSINESS WIRE)–Nov. 11, 2013– WellPoint announced today that it has been designated a 2014 Top 100 Military Friendly Employer® by Victory Media, publisher of G.I. Jobs and Military Spouse. …

WellPoint Announces Appointment of Jose Tomas as Executive Vice President and Chief Human Resources Officer
Mon, 11 Nov 2013 16:36:02 GMT
noodls – INDIANAPOLIS–(BUSINESS WIRE)–Nov. 11, 2013– WellPoint, Inc. (NYSE: WLP) announced today that Jose Tomas has been named executive vice president and chief human resources officer, effective December …

WellPoint Recognized as Top 100 Military Friendly Employer® by G.I. Jobs.
Mon, 11 Nov 2013 14:00:00 GMT
Business Wire – WellPoint announced today that it has been designated a 2014 Top 100 Military Friendly Employer® by Victory Media, publisher of G.I. Jobs and Military Spouse. Ranking 74th on the list, this marks the fifth year WellPoint has been included in the Top 100 Military Friendly Employers® list, which was compiled by a survey of over 5,000 companies.

WellPoint Announces Appointment of Jose Tomas as Executive Vice President and Chief Human Resources Officer
Mon, 11 Nov 2013 14:00:00 GMT
Business Wire – WellPoint, Inc. announced today that Jose Tomas has been named executive vice president and chief human resources officer, effective December 2, 2013. Tomas replaces Randy Brown who announced earlier this year that he would retire at the end of December.

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