A small trade on DEO Diageo LLC. (Purveyors of fine boozy spirits world-wide)
The brick:
Details:
2 contracts DEO FEB $110/105
Current stock price $114.50 (at time of trade)
Max profit $146.83
Max loss (1000-146.83) $853.17
Days to expiry: 52
Projections for worthless expiry:
ROC: (return on capital) 17%
ROR: (annualized rate of return) 121%
Approximately 5% downside protection.
In the spirit of new years' celebrations with champagne, this is my festive trade of the season.
Cheers!
Stay hungry my friends! (And thirsty... buy DEO stuff!!!)
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