WellPoint (WLP) Offering Possible 30.55% Return Over the Next 24 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $121.00 short put and a strike $116.00 long put offers a potential 30.55% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $121.00 by expiration. The full premium credit of $1.17 would be kept by the premium seller. The risk of $3.83 would be incurred if the stock dropped below the $116.00 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 57.17 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

American Lung Association and WellPoint Collaborate to Help Educate About Childhood Asthma
Thu, 30 Oct 2014 04:32:18 GMT
noodls – New resource offers health care providers a chance to learn best practices in pediatric asthma management INDIANAPOLIS–(BUSINESS WIRE)–Oct. 30, 2014– WellPoint, Inc., (NYSE:WLP) one of the nation's …

American Lung Association and WellPoint Collaborate to Help Educate About Childhood Asthma
Thu, 30 Oct 2014 04:02:00 GMT
Business Wire – WellPoint, Inc., one of the nation’s largest health benefits companies, today announced it has worked with the American Lung Association to develop an informative learni

Wellpoint (WLP) Earnings Report: Q3 2014 Conference Call Transcript
Thu, 30 Oct 2014 00:37:00 GMT

Healthcare overhaul ramps up business at WellPoint
Wed, 29 Oct 2014 23:00:00 GMT

Health care overhaul doubts ease for insurers
Wed, 29 Oct 2014 18:41:11 GMT

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