W Chart RSI <5 - Wow!!
PA consolodating around 160.
Looking for Reversal to mean higher.
Taking 160/155 Put Credit Spread.
Also 165 Call for Directional Bias Higher.
Sept Exp .
Good Luck - Watch your $$$ RISK
175/160 Put Spread $4.67/0.82
$3.85 max loss 11.15 Max Gain
Willing to take a $2 loss on this. $200 max risk
September 20th exp.
Risk is medium as this has been a pretty good trend going up, it could be slowing and weakening slightly.
It may move closer to around $167. Just short term before moving higher.
Honeywell International Inc (HON) options are showing a volume of 13,681 contracts thus far today. That number of contracts represents approximately 1.4 million underlying shares, working out to a sizeable 60.3% of HON's average daily trading volume over the past month, of 2.3 million shares. Especially high volume was seen for the $185 strike call option expiring...
***Update*** After our initial Long call in HON it is obviously now going to be hit hard by market sentiment due to China exposure. The stock had a perfect breakout lately as predicted but that has stalled now and they selling has begun. We would suggest getting out and wait for the dust to settle, good reentry points will be available soon.
I'm thinking that once a resistance is established and the 13 and 30 hourly moving averages cross, it could be a signal the stock could start to decrease.
Honeywell Int Inc. operates as a diversified technology and manufacturing company worldwide. Its aerospace segment supplies products, software, and service for aircraft's and vehicles. If aerospace is of interest to you HON may be a much safer investment than Boeing whom it supplies. Earnings are projected to be in decline this quarter but the extent of the...
Honeywell finally funded their Enron, WorldCom style 401K retirement plan, with shares out of thin-air. The shares were at the current price and never mind the missed dividend payments, but they did follow through... The question is when to trade them off. As the S&P trades up into the 61.8% Fibonacci range, all other stocks will top out as well. For me, the...
Elven Billion worth of stock buybacks isn’t going to look so Brilliant when they are 50% under water. This is the time to be issuing stock, sitting on a nice cash position, and looking at what companies you want to buy at a huge discount this Summer… You listening Darius?
Honeywell to trade down with the market in the new year…
This is a company I’m intimately familiar with. Notice this is drawn as an upwards correction. Honeywell is a company with fabulous Cash Flow Control. This company is the epitome of Financial Engineering, but that is the problem. In the 90’s, the price action can be construed as being impulsive, meaning that the prospects for the company were on an upwards...
Honeywell International Inc. is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company's Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers. The Home and Building Technologies segment provides products, software, solutions and technologies that help owners of homes stay connected and in control of their comfort, security and energy use. The Performance Materials and Technologies segment is engaged in developing and manufacturing materials, process technologies and automation solutions. The Safety and Productivity Solutions segment is engaged in providing products, software and connected solutions to customers that manage productivity, workplace safety and asset performance.
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HON
