Honeywell Aerospace, Just Spun Off, Posted High Q2 FCF Margins; Value Investors Love HONA Stock

Honeywell Int'l split into two companies at the end of June: Honeywell Technologies (HON) and Honeywell Aerospace (HONA). Q2 results (for the combined company through June 29) show that Honeywell Aerospace (HONA), a defense technology company, had much higher FCF margins. Its valuation also looks better for value investors.

Moreover, HONA short-put yields are much more attractive, with higher premiums at similar delta ratios than at HON. This article will show how to play short-put HONA yields.