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re: Options Trading Thread
Posted on 5/1/23 at 5:48 pm to LSUtoOmaha
Posted on 5/1/23 at 5:48 pm to LSUtoOmaha
I bought some long dated put options with an expiration in September on BUD. Bud Light sales were down almost 30% last week. Sales of Ultra and Busch Lt either flat or down. Summer selling season is coming and if their flagship brand keeps getting smoked like this, they’re going to be in for a world of hurt on upcoming earnings. These huge declines are not even close to baked into their stock price right now.
Posted on 5/1/23 at 6:38 pm to ChiGator
Do you have a target % gains before exiting?
I like the play, but I might go more conservative with a call credit spread.
I like the play, but I might go more conservative with a call credit spread.
This post was edited on 5/1/23 at 6:39 pm
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