Allstate (ALL) Offering Possible 12.61% Return Over the Next 28 Calendar Days

Allstate's most recent trend suggests a bullish bias. One trading opportunity on Allstate is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 12.61% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock dropped below the $92.50 long put strike price.

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

Analysis: Positioning to Benefit within Helix Energy Solutions, Dominion Energy, American Outdoor Brands, GNC Holdings, Allstate, and Fidelity – Research Highlights Growth, Revenue, and Consolidated Results
Wed, 15 Nov 2017 12:30:00 +0000
NEW YORK, Nov. 15, 2017– In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Helix …

Allstate Roadside Services® Hits the Road with Waze to Provide Roadside Help for Drivers Needing Assistance
Tue, 14 Nov 2017 17:00:00 +0000
NORTHBROOK, Ill., Nov. 14, 2017 /PRNewswire/ — Allstate Roadside Services®, a leader and innovator in roadside assistance for more than 50 years, announces today it is working with Waze, a real-time, crowdsourced navigation app, to provide roadside assistance to Waze users via Allstate's Good Hands Rescue® service. Seeing the need, Waze and Allstate Roadside Services are coming together to provide Waze users a connected, digital experience that makes requesting roadside help simple and easy. With just a few taps within the Waze app, users can digitally access roadside assistance from Allstate through its Good Hands Rescue® service.

Allstate Business Insurance and Business Talent Group Meet Growing Demands of the “Gig Economy” with Insurance Solutions for Independent Consultants
Tue, 14 Nov 2017 15:00:00 +0000
NORTHBROOK, Ill., Nov. 14, 2017 /PRNewswire/ — Allstate Business Insurance  and Business Talent Group (BTG) have announced a relationship designed to serve the specific needs of high-end independent business consultants in the BTG network. As one of the many benefits available to BTG's independent consultants, the Allstate Business Shield for BTG program provides an exclusive portal through which consultants can acquire insurance solutions tailored to their unique needs.

New Atlantic Media/Allstate Regional Renewal Poll Finds Most Puget Sound Residents Are Optimistic About Region's Direction Amid Concerns Around Managing Rapid Growth And Preserving Affordability
Tue, 14 Nov 2017 14:29:00 +0000
SEATTLE, Nov. 14, 2017 /PRNewswire/ — Half of residents believe the Puget Sound area is growing into a “world class” region in terms of economic opportunities and quality of life, according to a new Atlantic Media/Allstate Regional Renewal Poll released today. The broader outlook among Puget Sound area residents is even more bright, with 69 percent saying the region is moving in a positive direction, despite real concerns about the region's ability to manage rapid population growth and maintain affordability for average families. The Atlantic is presenting a related event in Seattle this evening at Impact Hub.

A Look at AIG’s Individual Retirement Business
Tue, 14 Nov 2017 14:01:52 +0000
American International Group’s (AIG) individual retirement business saw its premiums fall 41% to $22 million in 3Q17 from $37 million in 3Q16. In 3Q17, the division’s assets under administration stood …

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