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Barchart
Barchart
Mark R. Hake, CFA

Domino's Pizza Could Still Be Cheap Here and Shorting OTM Puts Works

Domino DPZ Barchart Yahoo Finance

Domino's Pizza (DPZ) stock remains over 14% below our target price of $498 as shown in my Oct. 17 Barchart article. Moreover, selling short out-of-the-money (OTM) put options is one profitable way to play it.

I discussed this income-producing play in a follow-up Nov. 18 article, suggesting selling short the $390 strike price put expiring Dec. 19 for a one-month 1.667% yield (i.e., $6.50/$390.00).

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