Idacorp IDA Stock & Option Trade Ideas

Based on the technical data for IDA:

• The MACD (Moving Average Convergence Divergence) crossed above the Signal Line, indicating a bullish signal.
• The Relative Strength Index (RSI) is currently at 27.92, which is in the oversold territory.
• The stock price is trending upwards and is currently above the middle Bollinger Band.

Overall, the technical indicators suggest a bullish sentiment for IDA.

Potential trading strategies for IDA:

• Stock Trade: Consider buying IDA stock as it is showing bullish momentum. Set a stop-loss below the middle Bollinger Band to manage risk.
• Call Option Trade: Buy a long call option on IDA to leverage the bullish outlook. Focus on options with an expiration date that aligns with the anticipated upward trend.
• Bull Put Spread: For a less directional strategy, consider selling a put option below the current stock price and buying a further out-of-the-money put option for protection.
• Covered Call: If you already own IDA stock, consider selling a covered call option to generate additional income while holding a bullish position.