HP, Inc. Delivers Strong Earnings, Revenue and FCF - Short-Put Plays Still Have High Yields

HP, Inc. (HPQ) delivered strong fiscal Q3 earnings, revenue, free cash flow (FCF), and higher FCF margins. That augurs well for HPQ stock, although unit sales were down, management warned that memory costs could rise, and growth may depend on price hikes. Nevertheless, put yields are still high, giving short-sellers a good play.

HPQ fell just 2.92% today to $29.63, despite heavy put option trading in the past several weeks.