HAL – Nice positive divergence from a deeply oversold position. I like bull put spreads with a stop loss below the recent low.
EWZ – Broken below the 200 day moving average. I like bear call spreads here with a stop just above the 200 day.
TLT – Massively overbought and a huge distance from the 200 day moving average. I like long-term bear call spreads and would be pretty aggressive with my strike placement.
HD – Looks very bullish and seems like it wants to break out to a new high.
PFE – Deeply oversold, I continue to like this one as a value play. About to get a MACD cross.
UA – Deeply oversold, likely to bounce soon, although it may only be short-term.
CSCO – Blue chip stocks that’s had a big drop. Think it still heads lower, but one to keep on the radar.
Disclaimer: The information above is for educational purposes only and should not be treated as investment advice. The strategy presented would not be suitable for investors who are not familiar with exchange traded options. Any readers interested in this strategy should do their own research and seek advice from a licensed financial adviser.