Yeti YETI Stock & Option Trade Ideas

Based on the technical data for YETI, here is the analysis:

MACD (Moving Average Convergence Divergence): The MACD line has been consistently below the signal line, indicating a bearish trend.

Bollinger Bands: The stock price has been moving below the middle band, suggesting a bearish signal.

RSI (Relative Strength Index): The RSI has been fluctuating but currently below 50, indicating a bearish sentiment.

Considering the above indicators, the overall outlook for YETI is bearish.

Potential trading strategies for YETI:

• Stock Trade: Consider short-selling YETI stock with a target price below the current level, given the bearish indicators. Place a stop-loss order to manage risk in case of unexpected price movements.
• Put Option Trade: Purchase put options on YETI with a strike price slightly below the current market price and an expiration date that aligns with your bearish outlook. This allows you to benefit from potential downward movement in the stock price.
• Bear Call Spread: If you prefer a spread strategy, you can sell a call option with a slightly out-of-the-money strike price and simultaneously buy a call option with a higher strike price. This strategy profits if the stock price remains below the sold call strike at expiration.