Intercontinental (ICE) Offering Possible 20.48% Return Over the Next 10 Calendar Days

Intercontinental's most recent trend suggests a bullish bias. One trading opportunity on Intercontinental is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 20.48% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $75.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Intercontinental is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Intercontinental is bearish.

The RSI indicator is at 57.93 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

This Tumultuous Market Is Great for Exchange Operators, Citigroup Says
Fri, 03 Apr 2020 22:35:00 +0000
The bank raised its ratings on its ratings on Cboe Global Markets, Intercontinental Exchange, and Nasdaq.

MarketAxess (MKTX) Reports Solid March Volume Statistics
Fri, 03 Apr 2020 15:52:03 +0000
MarketAxess (MKTX) reports impressive volume data for March 2020.

Intercontinental Exchange Reports Record March and First Quarter Volumes
Fri, 03 Apr 2020 12:30:00 +0000
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today reported March and first quarter 2020 trading volume, related revenue statistics and provided an updated operating expense outlook. The trading volume and revenue related statistics can be viewed on the company’s investor relations website at in the Monthly Statistics Tracking spreadsheet.

U.S. SEC delays ruling on controversial NYSE high-speed data plan
Thu, 02 Apr 2020 20:24:35 +0000
The U.S. Securities and Exchange Commission said it needs more time to decide whether to allow a plan by the New York Stock Exchange to offer a new high-speed wireless connection to the exchange that some brokers have blasted as anti-competitive. An SEC decision had been expected by Friday, but the regulator moved the deadline to May 18 after it received at least six letters objecting to the proposal, according to an April 1 filing. In a market where microseconds separate winners and losers, the new microwave service would arguably be the fastest way to access the Mahwah, New Jersey, data center, owned by NYSE parent Intercontinental Exchange Inc (ICE), where the exchange's electronic trades are executed.

Why Intercontinental Exchange (ICE) Stock Might be a Great Pick
Thu, 02 Apr 2020 13:52:01 +0000
Intercontinental Exchange (ICE) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

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