$PEP Pepsi looking over-extended meeting resistance around $116.50 today, with what looks like a nice reversal candle forming.
Expecting a price correction in the very near term to the $110-$112.50 area. A couple gaps left open below to possibly fill.
I could see it going as low as $108 with this pull back, but that may depend on overall market conditions....
PEP strong gap after earnings. Buying the dip here with options. I was a bit off on the option price and got triggered a bit early. Was hoping to get in closer to my anticipated bounce off 110 support.
Pepsi has been on a tear recently. After a major sell-off from a $122 high to a $94 bottom, PEP has made an incredible 18% recovery. Today, July 10th, the breakout volume on the open was incredibly strong.
With the daily RSI is getting close to oversold conditions, I could see PEP short-term price recovering to previous support level around the $109 level,...
We were watching PEP a few days ago when we had a bear div on the daily during a weekly downtrend. Didn't take a short at the bear div because was concerned about R:R and where to take a short.
At yesterday's daily close, the pot sweetened for a PEP short as we moved up without invalidating the bear div and closed with a long upward wick (but green).
There's...
Even though I don't use this kind of analysis, was formed a "Cup and Handle" on the PEPSICO chart. Last Friday there was the breakout that occurred with not high volume (below the 10-days moving average). Personally, I would wait for a pullback before opening a long position on PEP.
NASDAQ:PEP
went in on PEP on 06/12/2018. So far what i have seen is it has been increasing in price due to heavy volume. I don't believe I'm the only one who is seeing this explosion to the upside. keeping in mind the earnings is right around the corner for pepsi cola I believe the volume is going to continue to poor in until then. I don't plan on holding it...
Pretty certain the June 22nd 104/105s will expire in the money... but the profit may be greater selling the option on Monday. Unless we are expecting a push to $110 without any correction, which can certainly happen.
Me? I'll take the 2nd half of my position off here. I wouldn't short this though. Too strong, no short term signals yet, no bearish daily candle.
PEP was trading around 120 in January 2018. It is currently trading around 99 and has a dividend yield around 3.75%
We're going to look for a strategy that can boost potential yield without taking on alot of risk. PEP is going to trade ex-dividend on 5/31. We are going to look to sell a put that obligates the seller of this put to take ownership of the...
Sell to Open PEP Jun 95 Put @1.59
Basis: 93.41
Return on Basis: 1.7%
Return With 50% Margin: 3.4%
Portfolio Margin on 10% Drop: $2,548
Return on PM: 6.24%
If assigned, then sell calls. Pull in a dividend of 0.80 to cut basis down to 92.61. Then sell a call for $1.00 and you're down to 91.61.
I think I did the math right.
The Pepsi Co. chart is showing a Handle and Cup reverse pattern that suggests setting a call position on $100.01. Set a Take Profit taking on count the cup distance on $105.26 and a Stop Loss on $99.38. The chart has hiten the bottom line of the cup 5 times confirming the pattern.
