Yeti Holdings (YETI) reported better-than-expected revenue and earnings yesterday and increased its full-year profit forecast. However, shares sold off on margin concerns.
With the stock stabilizing today, I want to take advantage of the post-earnings volatility by selling a put.
If you are in the Income Masters program, we have a net debit of $3.10 on YETI. The income we generate today will reduce that net debit.
Current Stock Price: $95.94
Action: Sell to open the YETI Nov Monthly (11/19) 95 Put for around $1.65. You can go as low as $1.45, but please don’t start there and always use limit orders.