Novocure NVCR Stock & Option Trade Ideas

Based on the technical data for NVCR, here is the analysis:

MACD & Signal Line: The MACD line is below the Signal line, indicating a bearish trend.

Bollinger Bands: The price is currently below the middle band and approaching the lower band, suggesting a bearish sentiment.

RSI: The RSI is high, signifying possible overbought conditions and a potential reversal.

Considering the bearish indications from the technical data, here are some potential trading strategies for NVCR:

Stock Trades:

1. Sell Short: Consider initiating a short position on NVCR if the price breaks below the lower Bollinger Band, with a target price near the lower Bollinger Band and a stop-loss above the middle Bollinger Band.

2. Put Options: Buy long-dated put options with a strike price near the current price of NVCR to profit from a potential downward movement in the stock.

Option Trades:

1. Bear Call Spread: Sell a call option with a strike price closer to the current price and buy a call option with a higher strike price to profit from a potential downward movement with limited risk.

2. Long Put Butterfly: Construct a long put butterfly by buying two put options with a lower strike price, selling two put options with a middle strike price, and buying one put option with a higher strike price to benefit from a moderate downward movement in NVCR.