VF Corp (VFC) Offering Possible 42.86% Return Over the Next 16 Calendar Days

This post was originally published on this site

VF Corp’s most recent trend suggests a bullish bias. One trading opportunity on VF Corp is a Bull Put Spread using a strike $89.00 short put and a strike $84.00 long put offers a potential 42.86% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $89.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $84.00 long put strike price.

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

The RSI indicator is at 72.67 level which suggests that the stock is neither overbought nor oversold at this time.

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 VF Corp

VF Corporation Announces Fourth Quarter Fiscal 2021 Earnings and Conference Call Date
Mon, 03 May 2021 10:55:00 +0000
VF CORPORATION ANNOUNCES FOURTH QUARTER FISCAL 2021 EARNINGS AND CONFERENCE CALL DATE

V.F. Corp (VFC) Sells Workwear Brands to Reshape Portfolio
Thu, 29 Apr 2021 19:59:07 +0000
In a bid to optimize its portfolio, V.F. Corp (VFC) inks a deal with Redwood Capital Investments to divest nine workwear brands.

Coach parent hires VF Corp. vet as CFO
Thu, 29 Apr 2021 13:25:00 +0000
Tapestry Inc. said Thursday that Scott Roe will join the company as chief financial officer, effective June 1. Roe joins from VF Corp. , parent to brands like Timberland and The North Face, where he was CFO since April 2015. VF Corp. announced last week that Matt Puckett was named to the CFO role. He has been with the company for 20 year. In addition to finance functions, Roe will also head up Tapestry’s Strategy and Consumer Insights team. Tapestry brands include Coach, Kate Spade and Stuart Weitzman. Tapestry stock has gained 52.8% for the year to date. VF Corp. is up 4.6%. And the benchmark S&P 500 index is up 11.4% for the period.

Tapestry Taps Scott A. Roe as Chief Financial Officer and Head of Strategy
Thu, 29 Apr 2021 12:12:53 +0000
A 25-year veteran of VF Corp., he had been the company’s CFO for the past six years.

VF Corp. Enters Agreement to Sell Occupational Portion of Its Work Segment
Wed, 28 Apr 2021 11:51:30 +0000
Redwood Capital Investments will acquire the brands for an undisclosed sum.

Be Sociable, Share!

Related Posts