Domino's Pizza (DPZ) stock may be undervalued based on its strong free cash flow (FCF) and upside in analysts' price targets. Short put plays one month from now have a 2.0% yield at a low out-of-the-money strike price.
DPZ stock closed at $347.85 on Monday, Aug. 10. That's 5.38% down from a recent peak of $367.64 (Aug. 4), but up from a recent trough on July 22 ($319.83). This was after it released strong results on July 20. But it could be worth much more.