State Street (STT) Offering Possible 7.91% 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 $77.50 short put and a strike $70.00 long put offers a potential 7.91% 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 $77.50 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $6.95 would be incurred if the stock dropped below the $70.00 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 44.17 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

Windfall of big bank dividends point to more shareholder return
Tue, 29 Jun 2021 16:09:51 +0000
The large banks are raining dividends on their shareholders after getting a clean bill of health from the Federal Reserve. And bank analysts say the windfall of capital returns is only just beginning.

Dividends and buybacks back on track
Tue, 29 Jun 2021 13:27:45 +0000
Brian Cheung joins Myles Udland and Brian Sozzi to discuss the dividend hike after the Fed ruled that banks passed the stress test and are allowed to resume dividends and buybacks after facing restrictions during the COVID-19 pandemic.

State Street Corporation Announces Preliminary Stress Capital Buffer Requirement, Intention to Increase Its Quarterly Common Stock Dividend to $0.57 Per Share and Release of Its 2021 Dodd-Frank Annual Stress Test Results
Mon, 28 Jun 2021 20:35:00 +0000
BOSTON, June 28, 2021–State Street Corporation (NYSE: STT) today announced its preliminary stress capital buffer (SCB) requirement of 2.5%, effective October 1, 2021, and the intention to increase its quarterly common stock dividend by 10% to $0.57 per share in the third quarter, subject to consideration and approval by its Board of Directors.

Charles River® Named Best Fixed Income OEMS at 2021 European Markets Choice Awards
Thu, 24 Jun 2021 15:52:00 +0000
LONDON, June 24, 2021–Charles River IMS was named Best Fixed Income Execution/Order Management System for its multi-asset class trading and trade automation capabilities.

Charles River® Leverages Finsemble Platform to Enhance its Partner Ecosystem
Wed, 23 Jun 2021 13:00:00 +0000
BOSTON, June 23, 2021–Charles River’s collaboration with Cosaic to leverage Finsemble to enable asset managers to connect third-party applications with Charles River IMS.

Be Sociable, Share!

Related Posts