BTI In My View Is Bullish Rest Of Year!!
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands. The company sells its products to retail outlets. British American Tobacco p.l.c. was founded in 1902 and is headquartered in London, the United Kingdom.
WHAT HAPPENED LAST YEAR AT THIS TIME?
Price action in 2015, was in between $52.00 to $60.00, price action is around $50, or overSOLD now. Will be doing end of year CALL option spreads at this time.
My 1st article earlier this year was after MERGER, which intialially took price action up to $72, then drop price action hard to now price action of $50.
LOOK FOR NEXT EARNING REPORT NOTED ON: JULY 25, 2018... COULD DO EITHER WEEKLY OR MONTHLY CALL OPTIONS BEFORE OF END OF YEAR. Price action was same as now in 2015, a couple of years ago.
WHAT HAPPENED LAST YEAR AT THIS TIME?
Price action in 2015, was in between $52.00 to $60.00, price action is around $50, or overSOLD now. Will be doing end of year CALL option spreads at this time.
My 1st article earlier this year was after MERGER, which intialially took price action up to $72, then drop price action hard to now price action of $50.
LOOK FOR NEXT EARNING REPORT NOTED ON: JULY 25, 2018... COULD DO EITHER WEEKLY OR MONTHLY CALL OPTIONS BEFORE OF END OF YEAR. Price action was same as now in 2015, a couple of years ago.
Trade active:
Did a call credit spread as follows: Current PA $49.90. Short option: Buy 21st Dec $45 Call price per option: $5.90 contracts #1x100 Total cost $590. Long option: Write 21st Dec $60 Put price per option: $11.25 contracts #1 x 100 Total cost $1,125. Spread Net debt/credit $5.35 (Next Credit). Entry cost: $535, Maximum return: infinite on the upside. Breakevens at expiry: $49.80. *Trade Smart/Patience.