![]() At the same time sales have dropped from $5 billion to $2.5 billion. Walgreens’ sales have plateaued between $130 billion and $135 billion over the last four earnings reports. WBA has been in a downtrend since the start of 2022, creating lower lows and lower highs each month. The low $30 range is a range that was last traded predominantly in 2012. We set a year to date low on September 28th. Walgreens is currently trading at $33.20, down 36.47 percent from its opening price of 2022. (WBA)Įarnings Date: October 13th, 2022 (Before the Open) Although the profit to buying power ratio is high for a strangle or iron condor, we can assume that the likelihood of a two or three deviation move is not very high. Current IV Rank is 65.9 based on the tastyworks platform calculation. Volatility in PEP is currently above 30 in the October and November options. Total liabilities moved above $75 billion and total assets are now above $90 Billion, indicating possible acquisitions and growth. In the last two quarters Pepsi’s Balance Sheet has grown. Moving from about $5 billion to $7.5 billion. Net income has seen a proportionally smaller increase over that period. Pepsi’s sales over the last five quarters have trended upward from $65 billion to $79.5 billion. Being down less than two percent year to date, even with the recent sell-off, is a positive sign for this stock. Pepsi had developed a range in 2022 between $154 and $178 and has bounced back and forth all year. Pepsi is currently trading at $169.39, down 1.63 percent from its opening price of 2022. Top Stocks to Watch in OctoberĮarnings Date: October 12th, 2022 (Before the Open) ![]() 1: 2022 year to date price percent change for GLD, DIA, SPY, and QQQ. Even though you’re rolling calls down into a down move, you’re going to benefit from selling higher volatility even if the market moves back toward your call.įig. This is also a good opportunity to roll your calls down if you just want to adjust your position or need some more short delta. This makes for a good combination if you need to recenter positions. ![]() Many traders will be rolling their options positions at the end of this week, and it happens to correlate with high volatility. This is another opportunity to sell premium for options traders. VIX is currently above 30, placing it among the highest volatility ranges we’ve seen this year. We will be able to see how price action handles this range over the next couple of days. We have bounced around this range in June and July. ES has returned to the $3,722 to $3,779 range. ![]()
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