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
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CORRECTION - Of course the denominations of the above are in CHF, not EUR.