WellPoint Offering Possible 20.19% Return Over the Next 10 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 20.19% 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 $87.50 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock dropped below the $82.50 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

Top U.S. insurer sees weak Obamacare sign-ups, prepares for delay
Wed, 06 Nov 2013 22:55:01 GMT
Reuters – (Adds UnitedHealth Group comment in 5th paragraph) Nov 6 (Reuters) – A top U.S. health insurer gave the first detailed view of how the problem-plagued rollout of President Barack Obama's signature healthcare law is affecting the industry, saying on Wednesday it had cut its enrollment forecasts by at least a half and expected the government to delay the sign-up deadline. Humana Inc said that because of technical problems preventing millions of Americans from accessing the federal HealthCare.gov website since it opened on Oct. 1, the company had slashed its expectations of signing on 500,000 new plan members to an estimate of closer to 250,000. The open enrollment period ends on March 31, and Republican and Democratic lawmakers are asking the Obama administration to give people more time to sign up for plans offered in online marketplaces.

UPDATE 3-Top U.S. insurer sees weak Obamacare sign-ups, prepares for delay
Wed, 06 Nov 2013 22:41:38 GMT
Reuters – A top U.S. health insurer gave the first detailed view of how the problem-plagued rollout of President Barack Obama's signature healthcare law is affecting the industry, saying on Wednesday it had cut its enrollment forecasts by at least a half and expected the government to delay the sign-up deadline. Humana Inc said that because of technical problems preventing millions of Americans from accessing the federal HealthCare.gov website since it opened on Oct. 1, the company had slashed its expectations of signing on 500,000 new plan members to an estimate of closer to 250,000. The open enrollment period ends on March 31, and Republican and Democratic lawmakers are asking the Obama administration to give people more time to sign up for plans offered in online marketplaces. U.S. Health and Human Services Secretary Kathleen Sebelius rejected the idea at a Senate hearing on Wednesday.

The 6 Top Lobbying Organizations in 2013
Wed, 06 Nov 2013 14:03:10 GMT
Wall St. Cheat Sheet – Here are the top 6 lobbying organizations, by dollar amount, so far this year.

Thousands Of Small Businesses Will Also Start Losing Their Current Health Policies Under Obamacare. Here's Why
Wed, 06 Nov 2013 13:12:00 GMT
Forbes – President Obama’s simple line “If you like your current health plan you can keep it” is haunting him amidst reports that 3.5 million Americans who purchase health plans on their own, in the “individual” market, have lost that coverage as a result of Obamacare. Very soon, small businesses will be faced […]

WellPoint Announces Appearance at Upcoming Conference
Tue, 05 Nov 2013 22:23:57 GMT
noodls – INDIANAPOLIS–(BUSINESS WIRE)–Nov. 5, 2013– WellPoint, Inc. (NYSE: WLP) announced today that senior management is scheduled to present at the 2013 Credit Suisse Healthcare Conference on November 12, …

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