Feb 6, 2019 . Philip Morris International is my new entry. The company is undervalued and it own a formidable competitive advantage. Fundamentals are really good and this price make it very attractive.At $70 I am available to own the stock. So I try to place my cash secured put near my potential entry price.
Let’s do our preliminary analysis.
Let’s see where buyers and seller place their trades. First significative support @$75 and 72.5 (OTM PUT) . There are lot of call ITM, this is a good long signal.
I try to put my order under 1 STD and I find a good point @71.00
Final Conclusion : On Feb 6 , Sold 1 Weekly PM Cash Secured Put . Strike [email protected] Expiry Feb 15 .Weekly Return 0.49% , Annual Return on Investment 19,9%