State Street (STT) Offering Possible 12.61% Return Over the Next 15 Calendar Days

State Street's most recent trend suggests a bullish bias. One trading opportunity on State Street is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 12.61% 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 $85.00 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 $80.00 long put strike price.

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

The RSI indicator is at 37.1 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 State Street

An Investor Just Bought $122 Million of State Street's Junk ETF
Tue, 31 Jul 2018 17:40:30 +0000
At least one investor appears to be bingeing on junk bonds.

Gains in the State Street Global Exchange Private Equity Index Slow for First Time in Two Years
Tue, 31 Jul 2018 17:22:00 +0000
The State Street Global Exchange® Private Equity Index (GXPEI) ended the first quarter of 2018 with a slight increase of 2.44 percent. The Buyout funds category ended its streak of eight quarters of outperformance with a 2.09 percent gain, lagging behind the 3.78 percent return from Venture Capital funds and 2.46 percent from Private Debt funds. The PEI is based on directly-sourced limited partnership data and represents more than $2.8 trillion in private equity investments, with more than 2,800 unique private equity partnerships, as of March 31.

Former State Street executive avoids prison in U.S. fraud case
Tue, 31 Jul 2018 17:20:08 +0000
A former State Street Corp executive avoided prison on Tuesday after cooperating with U.S. authorities investigating a scheme to defraud clients of the bank by applying secret commissions on billions of dollars in securities trades. Richard Boomgaardt, who was the head of State Street’s transition management desk for Europe, the Middle East and Africa, faced up to five years in prison after pleading guilty in 2017 to conspiring to commit wire fraud and securities fraud.

State Street Joins Morgan Stanley in Calling End of Dollar Rally
Tue, 31 Jul 2018 13:23:17 +0000
The U.S. dollar rally is just about finished, according to a growing chorus of Wall Street forecasters. Morgan Stanley, State Street Corp. and Wells Fargo & Co. are some of the prognosticators saying the greenback is near its peak after gaining around 5 percent since mid-April. Currency jawboning by U.S. President Donald Trump, shifting growth expectations outside America, and tweaks to central-bank policies are among the bearish factors that could drive the greenback lower in the coming months, analysts said.

Report: Developing Opportunities within Amicus Therapeutics, Interpace Diagnostics Group, The Progressive, State Street, Alphabet, and VBI Vaccines — Future Expectations, Projections Moving into 2018
Tue, 31 Jul 2018 11:40:00 +0000
NEW YORK, July 31, 2018– In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Amicus …

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