Also, for our Top Trade Alert Members - make sure you check out today's adjustments on the Earnings Portfolio - it's a well-hedged collection that is projected to make more than 50% per year:
Friday Market Workshop – Portfolio Repair Part 4 – Adjusting Our Goals to Reflect Reality
And our trade idea on STZ is:
Speaking of beer - liquor sales up about 40% and, since that's retail sales, it's way more profitable for STZ than when people drink in bars and restaurants.
In the LTP, we can sell 5 STZ 2022 $75 puts for $9 ($4,500) to net in for $66 and that's pretty much free money. If they go lower, I'd be happy to sell more puts and set up a bull spread but, for now, nothing wrong with selling puts as we cleared out some of the original round already.
