Hormel Due a Ralley

2 באוק׳ 2018

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.