Cigna (CI) Offering Possible 25% Return Over the Next 3 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 $202.50 short put and a strike $197.50 long put offers a potential 25% 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 $202.50 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 $197.50 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 49.18 level which suggests that the stock is neither overbought nor oversold at this time.

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Fri, 08 Oct 2021 13:31:07 +0000
Chubb Limited (NYSE: CB) is buying the Asia Pacific and Turkey businesses of rival insurer Cigna Corp (NYSE: CI) for .75 billion in cash. The transaction is expected to be completed in 2022. Chubb said it would acquire Cigna’s Accident & Health and life business in South Korea, Taiwan, New Zealand, Thailand, Hong Kong, and Indonesia and Cigna’s 51% stake in a joint venture in Turkey. Chubb said the acquisition would boost Asia’s share of its global portfolio to $7 billion from about $4 billion i

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