Mylan (MYL) Offering Possible 7.99% Return Over the Next 3 Calendar Days

Mylan’s most recent trend suggests a bearish bias. One trading opportunity on Mylan is a Bear Call Spread using a strike $27.00 short call and a strike $32.00 long call offers a potential 7.99% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $27.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $32.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Mylan is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Mylan is bearish.

The RSI indicator is at 24.59 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


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SBP, Mylan Present Keys to Hurricane Maria Survivor in Welcome Home Party — Courtesy of $1M Pledge from the Mylan Charitable Foundation
Thu, 07 Mar 2019 20:00:00 +0000
HERTFORDSHIRE, England and PITTSBURGH and SAN JUAN, Puerto Rico, March 7, 2019 /PRNewswire/ — A small crowd of SBP staff, AmeriCorps members, Puerto Rico Central Office of Recovery and Reconstruction’s Omar J. Marrero, Esq and volunteers from global pharmaceutical company Mylan (MYL) gathered in a quiet backyard in Villa Palmeras to celebrate the homecoming of Hurricane Maria survivor Ms. Sunchy. While Sunchy and her family’s recovery may be over, SBP is rebuilding for many other Puerto Rican families thanks to a major gift from the Mylan Charitable Foundation. “Mylan has a long-established commitment to the people of Puerto Rico, having run operations on the island for more than 30 years,” said Mylan CEO Heather Bresch.

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