WellPoint (WLP) Offering Possible 9.97% Return Over the Next 25 Calendar Days

WellPoint's most recent trend suggests a bullish bias. One trading opportunity on WellPoint is a Bull Put Spread using a strike $105.00 short put and a strike $97.50 long put offers a potential 9.97% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $105.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $6.82 would be incurred if the stock dropped below the $97.50 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 70.82 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’s New Quality Initiative Aims to Improve Cancer Outcomes, Promote Access to Evidence-Based and Cost-Effective Care
Wed, 28 May 2014 13:00:00 GMT
Business Wire – Affiliated health plans of WellPoint, Inc. will be introducing an innovative quality initiative beginning July 1 that will allow oncologists to compare planned cancer treatment reg

RPT-Insurers scrutinize drug costs after $84,000 Sovaldi surprise
Wed, 28 May 2014 11:36:42 GMT

[$$] Insurers Push to Rein In Spending on Cancer Care
Wed, 28 May 2014 05:29:10 GMT
The Wall Street Journal – WellPoint plans to begin offering oncologists a $350-a-month payment for each cancer patient who is on one of the health insurer's recommended treatment regimens.

Insurers scrutinize drug costs after $84,000 Sovaldi surprise
Wed, 28 May 2014 05:00:00 GMT

Paying for Cancer Care — At A Glance
Tue, 27 May 2014 22:36:39 GMT
The Wall Street Journal – WellPoint and other health insurers are changing how they pay for cancer treatments. Here's what you need to know.

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