Cloudflare NET Stock & Option Trade Ideas

Based on the technical data for NET, the stock is currently exhibiting bearish signals. The MACD line is consistently below the Signal line, indicating a bearish trend. The RSI value is below 30 for several days, indicating the stock is oversold.

With this bearish outlook, here are potential trading strategies for NET:

• Short sell the stock: Traders can consider short selling NET to profit from further downward movement in the stock price.
• Put options: Traders can purchase put options on NET to benefit from potential downside in the stock price while limiting their risk to the option premium.
• Avoid long positions: Given the bearish signals, it may be advisable to avoid taking long positions in NET until there are clear signs of a trend reversal.