Cognizant CTSH Stock & Option Trade Ideas

Based on the technical data for CTSH, the stock is currently in a bearish trend. Here are potential stock and option trades to consider:

Stock Trades:

• Sell short: Consider short-selling CTSH to profit from further downward movement in the stock price.
• Avoid buying: Avoid buying CTSH stock until the trend reverses and shows clear signs of bullishness.

Option Trades:

• Bearish put spread: Consider opening a bearish put spread by buying a put option with a strike price slightly below the current stock price and selling a put option with a lower strike price. This strategy profits if the stock price continues to decline.
• Long put: Purchase a long put option to bet on a further decline in CTSH stock price. This gives you the right to sell the stock at a specified price, protecting you from potential losses.
• Avoid bullish strategies: Given the bearish trend, it is advisable to avoid bullish option strategies such as long calls or bullish call spreads.