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Analysts have been raising their price targets on Domino's Pizza (DPZ) stock. Moreover, selling short out-of-the-money (OTM) DPZ puts in near-term expiry periods is a good play to set a lower buy-in point.
DPZ is at $449.08 today after reaching a near-term peak of $497.52 on May 19. I discussed Domino's recent results in a July 21 Barchart article ("Domino's Pizza Generates Strong Q2 Free Cash Flow - DPZ Stock Looks Cheap").