K - Kellogg seems fallen down from a head & shoulder pattern, retested its support line & now breaking down to complete the formation.
We think it will decline to 70 area shortly, most-likely with the earnings on 1st November.
We like to play this opportunity with options. We would consider $70 March Puts ($2.30) & $72.50 January Puts (42.5)
We think it will decline to 70 area shortly, most-likely with the earnings on 1st November.
We like to play this opportunity with options. We would consider $70 March Puts ($2.30) & $72.50 January Puts (42.5)
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at www.smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/