State Street (STT) Offering Possible 12.36% Return Over the Next 10 Calendar Days

State Street’s most recent trend suggests a bullish bias. One trading opportunity on State Street is a Bull Put Spread using a strike $67.50 short put and a strike $62.50 long put offers a potential 12.36% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 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 $62.50 long put strike price.

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

The RSI indicator is at 40.76 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 State Street

State Street Expands Responsibilities of Executive Leadership Team
Mon, 09 May 2022 11:30:00 +0000
BOSTON, May 09, 2022–State Street Corporation (NYSE: STT) announced today senior management changes to help build on its business momentum and deliver its strategic growth objectives. Lou Maiuri has been appointed to president and head of Investment Services and Eric Aboaf, chief financial officer, to vice chairman. Maiuri and Aboaf will both continue to report to Ron O’Hanley, chairman and chief executive officer.

State Street Appointed Service Provider for Neuberger Berman’s First Actively Managed Thematic ETFs
Thu, 05 May 2022 13:30:00 +0000
BOSTON, May 05, 2022–State Street Corporation (NYSE: STT) today announced that it has been appointed service provider by Neuberger Berman for the firm’s first actively managed exchange traded funds (ETFs). As part of the appointment, State Street is providing ETF basket services, custody, fund accounting, fund administration, order-taking and transfer agency services.

With big new InterSystems deal, One Congress tower now 100% leased
Tue, 03 May 2022 19:35:33 +0000
InterSystems Corp., now headquartered in Kendall Square, has agreed to take the top 14 floors of the building now under construction downtown.

Why State Street Corporation (STT) is a Top Dividend Stock for Your Portfolio
Fri, 29 Apr 2022 15:45:03 +0000
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does State Street Corporation (STT) have what it takes? Let’s find out.

State Street Global Advisors Introduces Two SPDR® MSCI Climate Paris Aligned ETFs
Fri, 22 Apr 2022 13:02:00 +0000
BOSTON, April 22, 2022–State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today introduces two SPDR MSCI Climate Paris Aligned ETFs designed to help investors meet their climate objectives.

Related Posts