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Reddit / WSB-Jul 19, 03:09 PM
Traders eyeing PM earnings near all-time high
A trader discusses their position on Philip Morris International (PM) ahead of earnings, having made $7,000 since April through wheel strategy. They hold four covered calls at the $185 strike for July 24, expecting a potential pump on good earnings followed by a drop.
Why it matters: If called away, they plan to sell monthly puts at the $190 strike, citing PM's stability and solid dividend of $1.40 per share.
Zacks-Jul 22, 11:31 AM
Philip Morris (PM) Tops Q2 Earnings and Revenue Estimates - Zacks Investment Research
Philip Morris (PM) Tops Q2 Earnings and Revenue Estimates Zacks Investment Research
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.