Travelers Companies Inc. (TRV) has reaped the benefits of this Bull run in the markets to new all-time-highs. Being a DOW component, TRV is owned by many passive fund/money managers. Now it seems that TRV is on the verge of a Bearish Breakout from its potential Double Top/Descending Triangle pattern.
Here is the daily chart of TRV:
Here’s my trade on TRV:
Buy Apr ’14 Puts on TRV @ 75 Strike.
The Puts are currently selling for $3.10
My target on TRV is $68
The Apr ’14 options will give you enough time to get the trade right.
Price Target: $68
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