PG&E (PCG) Offering Possible 21.95% Return Over the Next 9 Calendar Days

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PG&E’s most recent trend suggests a bullish bias. One trading opportunity on PG&E is a Bull Put Spread using a strike $45.00 short put and a strike $40.00 long put offers a potential 21.95% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 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 $40.00 long put strike price.

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

The RSI indicator is below 20 which suggests that the stock is in oversold 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


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