Baker Hughes BKR Stock & Option Trade Ideas

Based on the technical data for BKR:

• MACD (Moving Average Convergence Divergence) has been trending downwards, indicating a bearish sentiment.
• RSI (Relative Strength Index) has been fluctuating but is currently around 60, suggesting a neutral to slightly bullish sentiment.
• Bollinger Bands are narrowing, indicating potential consolidation in the near future.

Considering the above analysis, here are some potential trading strategies for BKR:

• Bearish Trade: With the MACD showing a bearish trend, you may consider a Bear Put Spread by buying a put option with a higher strike price and selling a put option with a lower strike price.
• Neutral Trade: Given the RSI indicating a neutral sentiment, you could implement an Iron Condor strategy by selling an out-of-the-money call and put option while buying further out-of-the-money call and put options.
• Consolidation Trade: Since the Bollinger Bands are narrowing, you might want to look at a Long Straddle strategy by buying a call option and a put option at the same strike price.