The Latest Breaking News from Barchart

Disney stock has been treading water but still looks cheap using several measures. One way to play this is to short out-of-the-money near-term puts and going long in-the-money calls in long-dated expiry periods.

After reaching a new high in late October, gold futures prices fell by just over $260 per ounce. Since then, gold has been sitting around the midpoint of the trading range as the market digests the most recent new peak and absorbs the price action in currency and debt markets.

Palo Alto Networks stock could still be cheap based on its strong free cash flow results and after its 2-for-1 stock split has gone into effect. Investors who short out-of-the-money (OTM) put options can make income as well.

Alphabet Inc.'s stock has been flat since its Oct. 29 Q3 earnings release. One profitable way to play this is to short out-of-the-money (OTM) put options to set a lower buy-in target and get paid while waiting.

Shopify reported strong Q3 free cash flow and FCF margins; management said this will continue. As a result, FCF should explode to $2 billion next year. Buying SHOP LEAPs and shorting out-of-the-money SHOP puts works here.

Shopify reported strong Q3 free cash flow and FCF margins; management said this will continue. As a result, FCF should explode to $2 billion next year. Buying SHOP LEAPs and shorting out-of-the-money SHOP puts works here.

FedEx Corp disappointed investors yesterday with a profit drop and significantly lower revenue and earnings guidance. However, the stock is now cheap and is attracting attention from value and contrarian investors.

Airbnb's massive free cash flow and FCF margins could push ABNB stock's value over 26% higher to $211. That could make short-put plays attractive to investors for income, especially long investors.

Exxon stock ended 2023 just below $100. But XOM looks cheap here with a forward P/E of 10.9x earnings and a 3.8% dividend yield. With $40 billion in free cash flow, XOM stock looks very cheap.

PayPal Holdings stock seems to be stuck in a trading range for the past 6 months. Moreover, PYPL stock is cheap. That makes it ideal as an income play by shorting out-of-the-money put options.

Alphabet stock has held up well in the last month. It looks like good value now, especially for short put traders who make money selling short out-of-the-money put options for extra income.