Wells Fargo (WFC) Offering Possible 7.3% Return Over the Next 15 Calendar Days

Wells Fargo's most recent trend suggests a bullish bias. One trading opportunity on Wells Fargo is a Bull Put Spread using a strike $53.50 short put and a strike $48.50 long put offers a potential 7.3% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $53.50 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock dropped below the $48.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Wells Fargo 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 Wells Fargo 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 Wells Fargo

Banks Face 25% Loss Buffer as FSB Fights Too-Big-to-Fail
Mon, 10 Nov 2014 06:00:00 GMT

E-banking may cut services along with costs
Sat, 08 Nov 2014 12:34:00 GMT

Berkshire's earnings down 9% from a year ago
Sat, 08 Nov 2014 00:58:26 GMT

Berkshire Q3 profit drops on investments, operating results gain
Fri, 07 Nov 2014 23:09:11 GMT

Final Glance: Banks companies
Fri, 07 Nov 2014 23:08:15 GMT

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