WellPoint (WLP) Offering Possible 27.88% Return Over the Next 18 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $125.00 short put and a strike $120.00 long put offers a potential 27.88% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $125.00 by expiration. The full premium credit of $1.09 would be kept by the premium seller. The risk of $3.91 would be incurred if the stock dropped below the $120.00 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 above 80 which suggests that the stock is in overbought 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 Announces Appearance at Upcoming Conference
Mon, 03 Nov 2014 21:01:00 GMT
Business Wire – WellPoint, Inc. announced today that senior management is scheduled to present at the 2014 Credit Suisse Healthcare Conference on November 11, 2014 at 8:30 a.m. Mountain Standard Time (10:30 a.m.

Aetna Adds To Retail Stance With Exchange Tech Buy
Mon, 03 Nov 2014 18:25:00 GMT

Why Health Insurers Are Rooting For Democrats To Win Tuesday
Sun, 02 Nov 2014 15:02:00 GMT

10-Q for WellPoint, Inc.
Sat, 01 Nov 2014 00:08:27 GMT

Cigna Says Sales Will Double As Fee-For-Service Medicine Goes Away
Thu, 30 Oct 2014 13:42:00 GMT

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