WellPoint Offering Possible 2.25% Return Over the Next 8 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 2.25% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.11 would be kept by the premium seller. The risk of $4.89 would be incurred if the stock dropped below the $80.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for WellPoint is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for WellPoint is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold 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 WellPoint

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.

Futures Mixed, Amazon Ups Game
Mon, 11 Nov 2013 12:30:30 GMT
TheStreet – Futures are mixed ahead of the U.S. open, Amazon is raising the stakes in the e-commerce delivery game and Jim Cramer has his eye on shares of Wellpoint.

The 6 Top Lobbying Organizations in 2013
Sat, 09 Nov 2013 21:09:10 GMT
Wall St. Cheat Sheet – Here are the top 6 lobbying organizations, by dollar amount, so far this year.

WellPoint Names Julie Goon Senior Vice President of Public Affairs
Thu, 07 Nov 2013 20:12:24 GMT
noodls – INDIANAPOLIS–(BUSINESS WIRE)–Nov. 7, 2013– WellPoint, Inc. (NYSE: WLP) announced today that Julie Goon has been named senior vice president of public affairs. An industry veteran who has more than 30 …

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