Cigna CI Stock & Option Trade Ideas

Based on the technical data for CI, the stock is currently in a bearish trend:

• MACD (Moving Average Convergence Divergence) is below the Signal Line, indicating a bearish signal.
• RSI (Relative Strength Index) is below 50, suggesting bearish momentum.
• The stock price is below the Middle Bollinger Band, further confirming the bearish trend.

Considering the bearish outlook for CI, here are some potential trading strategies:

• Stock Trade: Consider short-selling CI with an appropriate stop-loss to manage risk.
• Option Trade 1 (Bearish): Purchase put options on CI with a strike price below the current stock price and an expiration date in line with your bearish outlook.
• Option Trade 2 (Neutral to Bearish): Implement a bear put spread by buying a put option at a specific strike price and selling another put option at a lower strike price. This strategy can profit from a neutral to bearish move in CI.