Call Options on PPC on 10/27/2017

Pilgrim's Pride Corporation (PPC) engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico.

It offers fresh chicken products comprising pre-marinated or non-marinated refrigerated (non-frozen) whole chickens, prepackaged case-ready chicken, whole cut-up chickens, and selected chicken parts.

The company also provides prepared chicken products, including portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties, and bone-in chicken parts. The company sells its products to foodservice market, including chain restaurants, food processors, broad-line distributors, and other institutions; and retail market customers comprising grocery store chains, wholesale clubs, and other retail distributors.

In addition, it exports chicken products to Mexico, the Middle East, Asia, the Commonwealth of Independent States, and other countries. 

Shares have formed a bullish "cup and handle" ahead of the company's earnings report on November 7th. Higher share prices are expected for this stock.

52-Weeks Trading Range: $17.15 - $31.42

Entry Point: $31.00

Trade Buy 1 November $30.00 Call at $1.75 For a net debit of $1.75 Profit/Loss Analysis Breakeven at $31.75 Maximum profit is unbounded Maximum loss is ($175.00) at strike of $30.00 Closing Summary Sold 1 November $30.00 Call at $2.75

Position closed on 11/8/2017 at price of $2.75 with a 57.14% gain in 12 days.

Updates

11/8/2017 9:44:46 AM

PPC $30 Call Options Sold for $2.75.

Back to Portfolio