WellPoint (WLP) Offering Possible 27.55% Return Over the Next 29 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $119.00 short put and a strike $114.00 long put offers a potential 27.55% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $119.00 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock dropped below the $114.00 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 52.29 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

WellPoint Offers Five Tips For Keeping Eyes Safe When Wearing Decorative Contact Lenses This Halloween
Mon, 27 Oct 2014 08:00:00 GMT
Business Wire – Halloween is just around the corner, and many people are shopping for unique outfits to wear on this special night. However, there’s one item that some people wear that can be more dangerous than people think…decorative contact lenses.

Cramer: Ebola, the Fed and earnings, oh my
Fri, 24 Oct 2014 22:15:29 GMT

Business Highlights
Fri, 24 Oct 2014 21:45:05 GMT
AP – ___ Why the bond market is more fragile than you think A bottleneck is building in the global market for bonds. Main Street investors have poured a trillion dollars into bonds since the financial crisis, …

Your first trade for Wednesday
Tue, 21 Oct 2014 22:01:45 GMT

WellPoint Renews Agreement with Healthways to Continue SilverSneakers® Fitness Program
Mon, 20 Oct 2014 18:15:48 GMT
noodls – Agreement Confirms WellPoint's Commitment to Improving Members Health and Well-Being INDIANAPOLIS & NASHVILLE, Tenn.–(BUSINESS WIRE)–Oct. 20, 2014– SilverSneakers® Fitness program will continue to be …

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