UCPTD - Nov - 7 - Waste Management (WM) RE-Visit - Trade I Like

Hi Everyone!

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RE-VISIT - Waste Management might be good The image below represents when I did the WM CHART OF THE WEEK when I thought the pandemic would affect its business negatively ... it did not and in fact WM moved higher. WM hits my radar again because with earnings behind them and some debt offerings taken care of ... TheStreet.com's chart breakdown shows WM is a sideways to lower trade ... and in fact they think it could re-test $96 ... I'm *not* thinking that happens BUT WM could very well be a nice sideways trade considering how well WM supported the stock after the recent selloff. WHAT IS JOHN WATCHING? The December 18, $120 pays about $4 ... that would be a 3.9% 41 day trade Based on LAST years Dividend ... the EX-DATE would be Dec-5 so that would be another $0.54 cents IF you could get this trade above and the dividend ... this 41 day trade would be 4.4% trade https://finance.yahoo.com/quote/WM/options?p=WM&date=1608249600 NO SKIN, I'm just watching this trade ... below are some good links to the information I mentioned above ... good luck and please do the homework needed if you've never traded WM  :) WM Chart breakdown by TheStreet.com = sideways to lower https://realmoney.thestreet.com/investing/stocks/waste-management-charts-are-at-a-crossroads-of-sorts-15478804?puc=yahoo&cm_ven=YAHOO&yptr=yahoo WM Earnings article - Top Estimates https://finance.yahoo.com/news/waste-management-wm-q3-earnings-134501973.html

As always, do your due diligence and this is not a recommendation

  

Until next time, I wish YOU the very Best In Trading!
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Regards,
John G
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Disclaimer - No - at the time of this posting I did not own the shares of this equity. and it probably means I've done a Cash Secured Put ... for which if this trade goes against me I *will* own these shares ... I risk my own money on this trade and am accountable for the trade results.
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