Showing posts with label bottom. Show all posts
Showing posts with label bottom. Show all posts

Wednesday, May 6, 2020

TAP Stock looks oversold


Looks like TAP (Molson Coors Beverage Co Class B) is ready to form the bottom and bounce back. If you look up the whole sector of beverages stocks, they show  similar characteristics, including BUD and KO. 
I decided to go with TAP because it has better value and greater upside potential.
As of today I am long on Call option May 22 with strike at $39.5 for  0.58 cents per contract. 


picture by bigcharts.com

picture by marketchameleon.com