Intercontinental (ICE) Offering Possible 14.94% Return Over the Next 20 Calendar Days

Intercontinental's most recent trend suggests a bullish bias. One trading opportunity on Intercontinental is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 14.94% return on risk over the next 20 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 $0.65 would be kept by the premium seller. The risk of $4.35 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 Intercontinental 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 Intercontinental is bullish.

The RSI indicator is at 55.92 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 Intercontinental

Intercontinental Exchange Chairman & CEO Jeffrey C. Sprecher to Present at the Piper Sandler Global Exchange & FinTech Conference on June 4
Thu, 28 May 2020 21:16:00 +0000
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that Jeffrey C. Sprecher, Chairman and CEO, will present at the Piper Sandler Global Exchange and FinTech Conference. The presentation will take place on Thursday, June 4 at 10:30 a.m. ET. The presentation will be available live and in replay via webcast and can be accessed in the investor relations and media section of ICE’s website at http://ir.theice.com/.

Hedge Funds Have Never Been This Bullish On Intercontinental Exchange (ICE)
Tue, 26 May 2020 19:08:42 +0000
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]

NYSE trading floor partially reopens after coronavirus closure
Tue, 26 May 2020 15:25:43 +0000
New York Governor Andrew Cuomo donned a face mask and rang the opening bell at the New York Stock Exchange on Tuesday, marking the partial reopening of the trading floor at the iconic 11 Wall Street building, which had been closed since March 23 due to the coronavirus. While some traders were back, it was not business as usual on Intercontinental Exchange Inc's NYSE floor. “When we paused for the past two months, we took the opportunity to learn a lot about this virus and what we learned is how to protect ourselves,” NYSE President Stacey Cunningham told CNBC in an interview.

NYSE to reopen trading floor closed by coronavirus
Tue, 26 May 2020 11:00:00 +0000
The New York Stock Exchange will partially reopen the trading floors at its iconic 11 Wall Street building on Tuesday for the first time since March 20 when the bourse was forced to go all-electronic due to the coronavirus pandemic. The Intercontinental Exchange Inc's NYSE floor will be different, with protective masks, strict social distancing requirements, and just around a quarter of the people, NYSE Chief Commercial Officer John Tuttle said in an interview. “The floor represents so much more than the several tens-of-thousands of square feet it occupies,” he said.

NYSE to Reopen Its Trading Floor on Tuesday
Mon, 25 May 2020 07:52:11 +0000
The New York Stock Exchange will partially reopen its trading floor to some, but not all, brokers tomorrow after closing it in late March due to Covid-19.The New York Stock Exchange, by far the world's largest stock exchange in terms of the total market capitalization of listed firms, is owned by Intercontinental Exchange (ICE).The brokers that return will be required to wear protective masks and follow social-distancing guidelines, NYSE President Stacey Cunningham wrote in a commentary published in The Wall Street Journal. They will also be asked to refrain from taking public transportation when coming to the Exchange, in order to limit their potential exposure to the virus.Cunningham wrote: “We opted to close our floor temporarily in the early days of the pandemic to help slow the spread of disease. Two months later, we’ve learned a lot and are in a position to reopen the floor with vital new safety measures, as we begin working together to restart the U.S. economy.”Cunningham specified that the measures enacted to open the trading floor may become more stringent if the cases of Covid-19 surge, and that while they will be opening their doors, no one — traders, brokers, or NYSE employees — will be required to come in to work. Pre-coronavirus, there were about 500 floor traders at the NYSE.The NYSE as well as ICE's other exchange assets have done quite well as the coronavirus has spurred an uptick in trading and clearing. First quarter consolidated net revenues were $1.6 billion, up 23% year-over-year, and ICE's Q1  net income was $650 million, sharply up from $484 million registered in the equivalent period a year earlier. Like many other stocks, ICE dropped in late March, but since has gained back its losses and now sits at $93.77 per share, not far off its 52-week high of $102.TipRanks data shows that out of 12 analysts, 11 rate ICE a Buy, with a $102 12-month price target for 9% upside from today's price. (See Intercontinental Exchange stock analysis on TipRanks).Related News:Tesla Drops Alameda County Lawsuit Over California Plant Reopening Facebook Invests An Eye-Watering $5.7B in India’s Jio Platforms Nvidia Sinks Despite Stellar Earnings; Top Analyst Says Buy On Any Weakness More recent articles from Smarter Analyst: * Elon Musk Reaps Payout Worth $775M, As Analyst Admits Tesla Is ‘Turning A Corner’ * Costco Pulls Back On Earnings; Top Analyst Sees Buying Opportunity * Cisco To Buy ThousandEyes For Reported $1B; Top Analyst Sees Strong Synergy Potential * Salesforce Sinks 3.5% After-Hours As Guidance Slashed

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