SIMPLE STORY
Stock down on the back of disappointing earnings
Expect further weakness closer to the US open, as US institutions adjust their portfolios
This remains a quality defensive stock, quite compelling in the current toppish market context
SIMPLE OPTIONAL STRATEGY
Selling the June 16 puts with a EUR 69 strike indicatively brings in some EUR 2.00/share, or 8.5% annualized
If assigned, the put seller becomes long the shares at a net EUR 67.00/share, a compelling price some 6.5% away from here
Stock down on the back of disappointing earnings
Expect further weakness closer to the US open, as US institutions adjust their portfolios
This remains a quality defensive stock, quite compelling in the current toppish market context
SIMPLE OPTIONAL STRATEGY
Selling the June 16 puts with a EUR 69 strike indicatively brings in some EUR 2.00/share, or 8.5% annualized
If assigned, the put seller becomes long the shares at a net EUR 67.00/share, a compelling price some 6.5% away from here
Note
CORRECTION - Of course the denominations of the above are in CHF, not EUR.
Disclaimer
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.
Disclaimer
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.