Service Corporation International SCI Stock & Option Trade Ideas

Based on the technical data for SCI:

• MACD (Moving Average Convergence Divergence) crossed below the Signal Line, indicating a bearish signal.
• RSI (Relative Strength Index) is below 50, suggesting bearish momentum.
• Bollinger Bands are narrowing, indicating a potential decrease in volatility and a possible trend reversal.

Considering the above indicators, the overall sentiment for SCI appears bearish in the coming days.

Potential stock or option trading strategies for SCI:

• Stock: Traders could consider short-selling SCI or buying put options to profit from the expected downward movement in the stock price.
• Option trades:
  • Buy to open SCI put options with a strike price near the current stock price and an expiration date that aligns with the expected timeframe of the bearish trend.
  • Alternatively, selling covered calls on existing SCI stock positions to generate additional income if the stock price remains stagnant or decreases.