Cigna (CI) Offering Possible 21.95% Return Over the Next 6 Calendar Days

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Cigna’s most recent trend suggests a bullish bias. One trading opportunity on Cigna is a Bull Put Spread using a strike $200.00 short put and a strike $195.00 long put offers a potential 21.95% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $200.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $195.00 long put strike price.

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

The RSI indicator is at 45.62 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Cigna

Cigna’s (NYSE:CI) investors will be pleased with their decent 71% return over the last five years
Fri, 08 Oct 2021 11:23:14 +0000
It hasn’t been the best quarter for Cigna Corporation ( NYSE:CI ) shareholders, since the share price has fallen 13% in…

Chubb to Acquire Cigna’s $3 Billion Premium Revenue Personal Accident, Supplemental Health and Life Insurance Business in Seven Asia-Pacific Markets for $5.75 Billion
Fri, 08 Oct 2021 03:05:00 +0000
Chubb Limited (NYSE: CB) today announced a definitive agreement to acquire the life and non-life insurance companies that house the personal accident, supplemental health and life insurance business of Cigna (NYSE: CI) in seven Asia-Pacific markets for $5.75 billion dollars in cash.

Insurer Chubb to acquire Cigna’s business in Asia, Turkey for $5.8 billion
Fri, 08 Oct 2021 01:58:32 +0000
SINGAPORE (Reuters) -U.S. insurer Chubb Ltd has agreed to buy health insurer Cigna Corp’s life, accident, and supplemental benefits businesses in Asia Pacific and Turkey for $5.75 billion in cash, both insurers said, marking the latest consolidation in Asia’s insurance sector. In a statement issued late on Thursday, Chubb said it will acquire Cigna’s A&H (accident and health) and life business in South Korea, Taiwan, New Zealand, Thailand, Hong Kong and Indonesia, in addition to Cigna’s 51% stake in a joint venture in Turkey.

Cigna Reaches Agreement With Chubb To Divest Its Life, Accident And Supplemental Benefits Businesses In Seven Countries
Fri, 08 Oct 2021 01:33:00 +0000
Cigna Corporation (NYSE:CI), a global health service company, today announced a definitive agreement with Chubb (NYSE: CB) to sell its life, accident and supplemental benefits businesses in seven countries for $5.75 billion dollars. The transaction is expected to be completed in 2022, subject to applicable regulatory approvals and customary closing conditions.

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