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Thursday, March 28, 2024

Top Trades for Fri, 03 Apr 2020 13:30 – STZ

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Top Trades for Fri, 03 Apr 2020 13:30 – STZ
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Also, for our Top Trade Alert Members – make sure you check out today's adjustments on the Earnings Portfolio – it's a well-hedged collection that is projected to make more than 50% per year:

Friday Market Workshop – Portfolio Repair Part 4 – Adjusting Our Goals to Reflect Reality

And our trade idea on STZ is:

Speaking of beer – liquor sales up about 40% and, since that's retail sales, it's way more profitable for STZ than when people drink in bars and restaurants.

In the LTP, we can sell 5 STZ 2022 $75 puts for $9 ($4,500) to net in for $66 and that's pretty much free money.  If they go lower, I'd be happy to sell more puts and set up a bull spread but, for now, nothing wrong with selling puts as we cleared out some of the original round already.