Stericycle SRCL Stock & Option Trade Ideas

Based on the technical data for SRCL:

• MACD (Moving Average Convergence Divergence) crossed below the signal line, indicating a bearish signal.
• RSI (Relative Strength Index) is fluctuating but generally below 50, suggesting a bearish sentiment.
• Bollinger Bands are narrowing, indicating potential consolidation or a reversal in the trend.

Overall, the indicators point towards a bearish outlook for SRCL in the coming days.

Potential trading strategies for SRCL:

• Stock Trade: Consider shorting the stock or exiting long positions to benefit from the expected downward movement.
• Option Trade 1 (Bearish): Purchase put options to profit from a potential decline in SRCL’s stock price. Look for out-of-the-money or at-the-money puts with a suitable expiration date.
• Option Trade 2 (Neutral to Bearish): Implement a bear put spread by buying a put option at a specific strike price while simultaneously selling a put option at a lower strike price. This strategy can be profitable if SRCL’s price falls or stays stagnant.