State Street (STT) Offering Possible 25% Return Over the Next 28 Calendar Days

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State Street’s most recent trend suggests a bullish bias. One trading opportunity on State Street is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 25% return on risk over the next 28 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 $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $75.00 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 above 80 which suggests that the stock is in overbought territory.

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

State Street Corporation Announces Date for Release of First-Quarter 2021 Financial Results and Conference Call Webcast
Tue, 16 Mar 2021 20:35:00 +0000
State Street Corporation (NYSE: STT) plans to announce its first-quarter 2021 financial results on Friday, April 16, 2021 at approximately 7:30 a.m. EDT. The results will be reviewed via webcast and teleconference at 10:00 a.m. EDT.

State Street hits ESG sweet spot with US corporate bond ETF
Tue, 16 Mar 2021 00:00:00 +0000
State Street Global Advisors reported billions in net inflows last month into a recently launched US credit exchange traded fund that applies an environmental, social and governance screen. The Irish-domiciled SPDR (R) Bloomberg SASB US Corporate ESG ETF, which launched last October, had €4.6bn in net inflows in February, according to Morningstar. The ETF invests in US-dollar denominated, investment grade corporate bonds.

State Street Announces Expansion of its Fund Connect ETF Digital Platform
Wed, 10 Mar 2021 13:30:00 +0000
State Street Corporation (NYSE:STT) today announced that Fund Connect ETF will now be open to support all exchange traded fund (ETF) issuers regardless of their service provider. The platform was previously only available to issuers receiving securities services from State Street. The Fund Connect platform has long served as a conduit between Authorized Participants (APs) and issuers. This expansion marks a pivotal moment for State Street to build on its proven track record of supporting the growing ETF market.

State Street ESG Solutions Provides Risk Analytics Enabling Climate-related Risk Disclosures and Reporting
Mon, 08 Mar 2021 14:00:00 +0000
State Street (NYSE:STT) today introduced an enhancement to its ESG Solutions, ESG Risk Analytics, which provides clients with the ability to address new global regulatory reporting requirements. Through a single platform, this data coverage brings clients the ability to cover most Principle Adverse Impact (“PAI”) and disclosure requirements.

State Street Elects Julio Portalatin and John Rhea to Its Board of Directors
Fri, 05 Mar 2021 17:25:00 +0000
State Street Corporation (NYSE:STT) today announced the election of Julio Portalatin and John Rhea to its Board of Directors, effective immediately.

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