Travel + Leisure TNL Stock & Option Trade Ideas

Based on the technical data for TNL, the stock is currently showing bearish signals. The MACD line is below the signal line, the RSI is below 50, and the stock price is below the middle Bollinger Band.

Given this bearish outlook, here are some potential trading strategies for TNL in the coming days:

• Short Selling Stock: Consider short selling TNL stock with a stop-loss above the middle Bollinger Band to capitalize on a potential downward movement.
• Put Option Strategy: Purchase put options on TNL with a strike price below the current stock price and an expiry date that aligns with the expected downward movement.
• Bear Put Spread: Execute a bear put spread by buying a put option with a lower strike price and selling a put option with a higher strike price. This strategy limits risk while allowing for profit if TNL continues to decline.