
Costco Wholesale (COST) reported 7.1% higher comp sales on Dec. 12 for its fiscal Q1 ending November and strong free cash flow margins, pushing COST stock's value higher. One way to play this is to sell short OTM puts for a lower buy-in.
Today, COST was up over $1,000 per share to over $1,005.54 in midday trading. This is up 15% in the last month and a half from its recent low of $874.18 on Oct. 31.