NWL seems forming a sharp declining head & shoulder formation. It also seems breaking down from a double top formation. On the other side huge put volume also suggesting investors bearish approach to the company. We think it will be a interesting option play to the down side.
We would consider $45 March puts, last traded for $2.60
You can check our detailed analysis on NWL in the trading room/ Executive summary link here- youtube.com/watch?v=JTheOhZI4Xw Time Span: 9:00" Trade Status: Pending
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.