US Bancorp (USB) Offering Possible 11.86% Return Over the Next 9 Calendar Days

US Bancorp's most recent trend suggests a bullish bias. One trading opportunity on US Bancorp is a Bull Put Spread using a strike $59.00 short put and a strike $54.00 long put offers a potential 11.86% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $59.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock dropped below the $54.00 long put strike price.

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

The RSI indicator is at 62.7 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 US Bancorp

Wells Fargo is pushing back its office return, but U.S. Bank, Huntington and others stand pat
Mon, 04 Oct 2021 21:23:43 +0000
Wells Fargo & Co. last week pushed its return-to-office plans back to Jan. 10, 2022 — but other banks with a large presence in the Twin Cities so far aren't following suit.

U.S. Bank-Union Bank deal could have Downtown ripple effect
Mon, 04 Oct 2021 14:33:46 +0000
Though neither U.S. Bank nor Union Bank are headquartered in Sacramento, news of their planned combination is likely to have a ripple effect in Downtown Sacramento.

MERGER ALERT – GKSY, and USB: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Mergers of these Companies
Thu, 30 Sep 2021 20:45:00 +0000
NEW YORK, NY / ACCESSWIRE / September 30, 2021 / The following statement is being issued by Levi & Korsinsky, LLP:Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders of the following publicly-traded companies. (NASDAQ:GSKY)Agreement Announcement: September 15, 2021 Transaction Details:Under the terms of the merger, GreenSky stockholders will receive 0.

Rising Loans Support U.S. Bancorp (USB), Cost Woes Prevail
Thu, 30 Sep 2021 18:18:06 +0000
U.S. Bancorp (USB) stock is tailormade for your portfolio, on its sound liquidity, rising revenues and sturdy capital-deployment initiatives. Yet, a concentrated loan portfolio and mounting costs pose headwinds.

MUFG to Launch Wealth Management Digital Platform in 2Q21
Mon, 27 Sep 2021 12:30:12 +0000
MUFG is poised to roll out its digital wealth management platform, MUFG Wealth Management Digital Platform, to provide optimal solutions to high net-worth clients.

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