The underlying stock has been trending lower since the beginning of the year. Currently, the RSI and stochastic indicators are in overbought territory and made a bearish crossover last night.
Read MoreIn a downtrend since late February, it looks like it’s facing two different forms of resistance in the same area.
Read MoreThe underlying stock’s chart is a big driver behind this trade idea.
Read MoreIt’s my “Option Trade of the Day”.
Read MoreThe underlying stock just dipped to the lower rail of a positive trend channel and the oversold stochastic indicators made a bullish crossover last night.
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