Buy 1 Put Vertical Limit Debit
Buy 1 Nov17 44/44.5 Put Vertical @ 0.45 Limit Debit DAY to Open
0.10 - 0.50
Sell 1 CALM Nov-17 44 Put to Open
0.15 - 0.35
Buy 1 CALM Nov-17 44.5 Put to Open
0.45 - 0.65
The company's efforts to restructure have not come across well so far, trailing its competitors.
Cal-Maine has a long way to go, I believe, to fairly compete with larger players.
I am pessimistic on the company's 3 month prospect and have a $35.00 PT.
Stop set at $45.00 but is flexible up to $50.00.
I believe the company will report lower guidance on Monday.
We can go long CALM above the Key Earnings level from the last earnings release.
Keep stops under 51, and aim for a 5 daily ATR move.
I like how it has closed the day above said level, I see considerable upside in this stock, and it has an excellent yield and solid fundamentals.
Good luck if taking this trade.
If interested in my professional trading signals, or...
This stock is coming up from a strong base, acting as a bastion of strength in this market.
Dividend investors would be glad to add this to their portfolios here I'm sure, and I wouldn't mind either.
There's a nice techical entry if we're offered with prices inside the green zone in my chart.
There is an abundance of technicals suggesting this is a good buy, so I...