Howmet Aerospace HWM Stock & Option Trade Ideas

Analysis for HWM:

Based on the technical data for HWM:

• The MACD (Moving Average Convergence Divergence) has been showing negative values, indicating a bearish trend.
• The RSI (Relative Strength Index) has been fluctuating but is currently indicating a neutral to bullish sentiment.
• The Bollinger Bands are widening, suggesting increased volatility in the stock.

Stock Trading Strategy:

Considering the bearish MACD and widening Bollinger Bands, it may be prudent to wait for a clear reversal signal before going long on the stock.

Option Trading Strategy:

Given the potential volatility indicated by the Bollinger Bands, a possible option strategy could be a long straddle or strangle to benefit from a significant price movement. This strategy involves buying both a call and a put option with the same expiry and different strike prices.

Alternatively, a bearish option strategy like a long put could be considered if expecting a further downward movement based on the MACD.