(Summary) (Chart)
19 August 2018 Price $68.92 1yr Target $70.08 Analysts 13 Dividend $0.00 Payout Ratio --- 1yr Cap Gain 1.68% Yield 0.00% 1yr Tot Return 1.68% | EPS (ttm) $0.70 EPS next yr $1.75 Forward P/E 39.38 EPS next 5yr 39.70% 1yr Price Support $69.47 Market Cap $3.48 Bil Revenues $377.50 Bil Earnings $38.60 Mil Profit Margin 10.22% | P/E 98.46 PEG 2.48 Beta 1.93 Quick Ratio 1.10 Current Ratio 1.10 Debt/Equity 0.00 ROA 2.70% ROE 21.30% |
This is an easy call - buy the shares and sell the options. But at $68 per share these are currently too expensive. A price closer to $60 would be a great buy and that's where I'd like to accumulate a position.
The question is how do I enter the trade. Since the shares seem to be bouncing off the 50 dma, I'll initially sell puts at that level and try to enter that way. If unsuccessful, an open market buy in that same area has potential. Once owned, the sale of covered calls would be the obvious next step.