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HP Inc. (HPQ), the hardware company (not HP Enterprises - HPE), reports its earnings today for the quarter ending Jan. 31. Its put options show unusual trading activity today. This could be a good trade for short sellers, given how cheap HPQ stock is now.
The stock is trading for a 3.82% dividend yield and 8.4x forward earnings. Moreover, the company has been consistently profitable, producing $3.1 billion in free cash flow (FCF) in its last fiscal year ending Nov 30, 2023.