So, GMCR has been taking a hit over the last 3-days with earnings due out by the 22nd. The lack of a decision on report date is making investors nervous but a strong showing in puts traded today may indicate a bullish bet or at least some support at the 27 dollar level last touched. Also, it appears some competition may be coming from alternative pod makers getting into retail spaces and the shortage of coffee beans raising the raw coffee price up.
This is why we use options instead of the equity.
TNK earnings today of .31 cents lower than the last two quarters but we are still in well above a 10% yield.
I sold out of my Citi (C) holdings at 4.50 this week, good top and placed that into CSCO near the bottom. Will look at covering this next quarter.
Happy Trading...
Mark, You're going to have to quit your day job with performance rates like these! Why was Citigroup so profitable?
ReplyDeleteV/R, Bill