A Delicious Buy/Write Combination
With the broad market close to a five-year high it takes more effort to find good looking plays without undue risk. Casual dining restaurant The Cheesecake Factory (CAKE) offers a nice opportunity right now for traders that are comfortable selling options.
The underlying company is debt free. Dividends were initiated last year. The 12-cent quarterly distribution provides a secure 1.4% current yield. Corporate numbers have grown steadily since bottoming in 2008....378 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.