Today Chaikin Analytics gave a "Reversal Sell" Signal on Monsanto. Reversal Sells are powerful signals, that I have had a decent amount of success trading them.
With 38 days until expiration I looked at trading the 95/97.5 bear call spread. The spread has a 66% chance of expiring worthless at expiration. The spread pays .75 cents per contract, which leaves 1.75 in risk per contract. or, 42% return on 34% risk.
While not the best set up I've ever seen, but combined with the marco market fundamentals and sentiment...It's good enough for me. I will look to close this trade at 50% max profit, or about .38 cents, OR will also watch for this trade to against me. If the spread trades 1.50 or higher I will look to exit the trade for a loss, lick my wounds and move on.
I'll will update you on my exit