Sell Campbell Soup Put for 64% Gain

By Linda McDonough • March 22, 2017

Sell to close the May 19, 2017 put on Campbell Soup (NYSE: CPB) with a strike price of $57.50 at $2.27 or higher for a 64% gain. Symbol (CPB170519P57.5)

As predicted, General Mills’ (NYSE: GIS) disappointing quarter yesterday showcased how little appetite consumers have for packaged foods. While I expect the group to be under continued pressure, a 64% gain in one week is too delicious to pass up.

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Phil Ash

03/22/17 ‐ 3:23pm ET March 22, 2017 at 3:23pm ET

Hmmm…I might have to play a little bigger given your options track record over the past 12 months, Linda. Filled at $2.40 for 60.9% return. Thanks

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Linda McDonough

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Linda McDonough is a veteran hedge fund analyst who loves to break down company financial statements and identify market inefficiencies to uncover big opportunities. She believes in a boots-on-the-ground approach that includes surveying customers, interviewing company executives, or doing whatever it takes to see what others don't.

She's now brought her experience as a hedge fund analyst to subscribers of her Profit Catalyst Alert service. Her system identifies small- and mid-cap stocks that are about to move due to catalytic events that few others can identify...until it's too late. These events often times result in massive gains for her followers.