Celanese CE Stock & Option Trade Ideas

Based on the technical data for CE:

• The MACD line has consistently been below the Signal line, indicating a bearish trend.
• The RSI has fluctuated, showing both oversold and overbought conditions, but currently indicates a neutral stance.
• The Bollinger Bands have been narrowing, suggesting decreased volatility.

Given the bearish MACD and the neutral RSI, it is likely that CE will continue in a downward trend with reduced volatility in the coming days.

Here are some potential stock and option trading strategies for CE:

• Stock Trade: Consider short selling CE or buying put options to profit from the expected downward movement.
• Option Trade: Buy a bear put spread by purchasing a put option with a higher strike price and simultaneously selling a put option with a lower strike price. This strategy allows for limited risk and potential profit if CE declines.
• Option Trade: Sell a covered call by holding CE shares and selling a call option against those shares. This strategy can generate income if CE remains below the strike price of the call option.