WellPoint (WLP) Offering Possible 5.93% 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 $90.00 short put and a strike $85.00 long put offers a potential 5.93% 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 $90.00 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $85.00 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 63.36 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

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WellPoint Announces Webcast of Its Conference with Investment Community
Thu, 13 Mar 2014 22:01:54 GMT
noodls – INDIANAPOLIS–(BUSINESS WIRE)–Mar. 13, 2014– WellPoint, Inc. (NYSE: WLP) announced today that it will conduct a live webcast of its Investor Conference on Friday, March 21, 2014. The meeting will be …

Millions May Avoid Obamacare Penalty as Deadline Looms
Thu, 13 Mar 2014 21:04:54 GMT
Bloomberg – Obamacare's requirement that all Americans carry insurance or face penalties, part of the effort to gain universal coverage, may not be much of a rule at all. Millions of people may be exempt from the requirement known as the individual mandate under rules issued by the Obama administration. In December, the administration said people whose existing health plans had been canceled wouldn't have to comply with the mandate. “If you're a consumer and you're looking at this, it leaves a lot of ambiguity,” Dan Mendelson, the president of Avalere Health, a Washington consulting firm, said by telephone.

WellPoint Announces Webcast of Its Conference with Investment Community
Thu, 13 Mar 2014 20:01:00 GMT
Business Wire – WellPoint, Inc. announced today that it will conduct a live webcast of its Investor Conference on Friday, March 21, 2014. The meeting will be hosted by Joseph Swedish,

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