BB&T (BBT) Offering Possible 5.71% Return Over the Next 27 Calendar Days

BB&T’s most recent trend suggests a bullish bias. One trading opportunity on BB&T is a Bull Put Spread using a strike $48.00 short put and a strike $43.00 long put offers a potential 5.71% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $48.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $43.00 long put strike price.

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

The RSI indicator is at 70.92 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for BB&T

James Quincey set to become chairman at Coca-Cola: ‘It’s another step in a process’
Fri, 19 Apr 2019 08:15:00 +0000
At Coke’s annual meeting in Atlanta on April 24, Quincey will consolidate his leadership of the beverage company.

BB&T Corp (BBT) Q1 2019 Earnings Call Transcript
Thu, 18 Apr 2019 20:11:05 +0000
BBT earnings call for the period ending March 31, 2019.

BB&T announces FRB termination of AML-related consent order
Thu, 18 Apr 2019 15:30:00 +0000
WINSTON-SALEM, N.C., April 18, 2019 /PRNewswire/ — BB&T Corporation (BBT) today announced the Board of Governors of the Federal Reserve System has terminated its Cease and Desist Order with BB&T Corporation related to BB&T’s anti-money laundering (AML) program. No money laundering activity was identified and no financial penalty was levied in relation to this order. “We are very pleased with the Fed’s announcement,” said BB&T Chairman and Chief Executive Officer Kelly S. King.

Strong Earnings and Retail Sales Data
Thu, 18 Apr 2019 14:54:02 +0000
Strong Earnings and Retail Sales Data

Q1 Earnings Continue to Impress, Retail Sales Hit 18-Month High,
Thu, 18 Apr 2019 14:29:02 +0000
Investors will welcome a massive jump in retail sales even as first-quarter results continue to roll in.

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