Red Hat (RHT) Offering Possible 13.4% Return Over the Next 10 Calendar Days

Red Hat's most recent trend suggests a bullish bias. One trading opportunity on Red Hat is a Bull Put Spread using a strike $71.50 short put and a strike $66.00 long put offers a potential 13.4% 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 $71.50 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.85 would be incurred if the stock dropped below the $66.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Red Hat 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 Red Hat is bullish.

The RSI indicator is at 32.68 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 Red Hat

Red Hat, Inc. :RHT-US: Earnings Analysis: Q3, 2017 By the Numbers : January 9, 2017
Mon, 09 Jan 2017 13:47:48 GMT

RED HAT INC Files SEC form 10-Q, Quarterly Report
Thu, 05 Jan 2017 21:22:13 GMT

Cramer: Skies Brightening for Cloud Group
Thu, 05 Jan 2017 00:01:00 GMT
TheStreet – The cloud players haven't done much for a while, but they appear ready for a big move, which is a big deal.

Wellcome Trust Sanger Institute Launches Science-as-a-Service and On-Demand Computing Capabilities Based on Red Hat’s Open Technologies
Wed, 04 Jan 2017 14:43:08 GMT
noodls – RALEIGH, N.C. – January 4, 2017- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that the Wellcome Trust Sanger Institute, a world leader in genome research, …

Red Hat Launches Latest Version of Red Hat CloudForms, Drives Open Hybrid Cloud Management Across Geographies and Industries
Wed, 04 Jan 2017 14:43:08 GMT
noodls – Hundreds of enterprises now have Red Hat CloudForms to manage and provision their on-premise and public cloud-based IT environments RALEIGH, N.C.–(BUSINESS WIRE)– Red Hat, Inc. (NYSE: RHT), the world's …

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