Honeywell (HON): Shorting Opportunity!
Honeywell is currently trading within the range between $90 and $98. HON is facing the Rectangle resistance with a Hanging Man.
A few ways to short sell US stocks:
- Long Put Option – Almost unlimited profit (when stock price reaches zero) with maximum loss defined but time sensitive.
- Short using CFD (Contract for Difference) – Almost unlimited profit (when stock price reaches zero) but unlimited losses also (when the stock price goes up to infinity theoretically)
- Short Vertical Call Spread – Limited Profit Limited Loss.
Note: When the stock market is at the high (especially now at historical high), it is essential for everyone to learn how to short sell safely. Short selling is a very important skill for a trader and investor (to hedge the portfolio which already making money).
Original Post by Marubozu My Stocks Investing Journey