Intl Paper (IP) Offering Possible 12.36% Return Over the Next 3 Calendar Days

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Intl Paper’s most recent trend suggests a bullish bias. One trading opportunity on Intl Paper is a Bull Put Spread using a strike $62.00 short put and a strike $57.00 long put offers a potential 12.36% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $57.00 long put strike price.

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

The RSI indicator is at 79.57 level which suggests that the stock is neither overbought nor oversold at this time.

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International Paper Co (IP) Q1 2021 Earnings Call Transcript
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Good morning, and thank you for joining International Paper’s First Quarter 2021 Earnings Call. For example, during this call, we will make forward-looking statements that are subject to risks and uncertainties, including the impact of COVID-19.

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