jallen572
Long

Hormel Due a Ralley

NYSE:HRL   HORMEL FOODS CORP
Hormel has went through a nice correction since September and is due another ralley. Waiting for the RSI to be above 50, %R to come above undersold, and MACD to signal. I would do a October Put Credit Spread at 38/39 or if the momentum picks up, go outright with a 70 Delta Call 60 Days out.
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