OptionsPlay DailyPlay

The bullish DailyPlay we chose for Thursday, Oct 18th is Cigna (CI). CI is part of the Healthcare Sector (XLV). Over the last month, XLV has experienced a 0.33% move lower and its 1m and 6m trend has turned bullish on 10/16 while breaking above its $93 resistance level which now becomes support.

Cigna’s 1m and 6m trends turned bullish on 10/16 and recently broke above its $210 resistance level which now becomes support. With a technical score of 9 (out of 10), CI is a bullish stock that is likely to continue higher.

View this Trade Idea on CI

As a stop loss, if CI was to trade below $210 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

Learn to Trade Options: How to Maximize your Debit Spreads – Thurs 10/18 @ 4:15PM EST