Illumina ILMN Stock & Option Trade Ideas

Based on the technical data for ILMN, here is an analysis:

• MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, indicating a bearish signal.
• Bollinger Bands: The price is currently below the middle Bollinger Band, suggesting a bearish trend.
• RSI (Relative Strength Index): The RSI is below 50, indicating bearish momentum.

Given the bearish signals, here are some potential stock and option trading strategies for ILMN:

• Stock Trading Strategy: Consider shorting the stock or buying put options. Wait for a bounce back to the upper Bollinger Band or a MACD crossover for potential entry points.
• Option Trading Strategy: Buy put options with a strike price near the current price or slightly below. Alternatively, consider a bear put spread with a higher strike price bought and a lower strike price sold.