Posted on February 18, 2021
What greater joy!
Eat tasty, affordable and chemically-laden victuals, and spend decades without symptoms!
And then – boing! – suffer a horrific finale!
It’s your choice, friends.
Join us today, as we set the table for Conagra Foods (NYSE:CAG), makers of 101 brands of suppertime joy, each of which destroys a separate bodily organ in singularly pernicious fashion!
But we’re not here to discuss health, friends.
As you know, here it’s all about money.
And Conagra offers a unique, round-trip opportunity to cash in between now and the beginning of summer.
But before we get to the trade, consider the fundamental picture – worth a hefty cheer from every wholesome lover of America.
In this market, it’s almost unheard of to find a stock with similar metrics.
Have a look now at the daily chart –
Technically, what’s most striking is the anti Batflu-hype nature of the stock.
And it’s for all the foregoing that we’ve decided to go two ways on CAG with a calendar operation that looks as follows –
A Jew and His Gold recommends you consider setting the CAG April 1st 33.50 synthetic PUT for a $0.30 credit (sell the 33.50 CALL for $1.65 and buy the 33.50 PUT for $1.35). Then purchase the CAG June 18th 31 CALL for $4.10. Total debit on the trade is $3.80.
Rationale: We’re betting on a round trip move for CAG over the next four months – the first move lower (below $33.50), and then a climb, after April expiry (above $31.00).
Maximum loss on the trade is $3.80 – if price climbs straight higher through June expiration.
Maximum gain is unlimited.
First position should be closed no later than the April expiry.
Stay with us for up-to-the-minute trade instructions.
Many happy returns,