Investors can use a buy/write combination to take advantage of Steelcase's upward mobility while also buying some protection should the office furniture maker's stock price go south.
The key to any buy/write combination is selecting a good underlying stockThat means identifying shares with both a high probability of moving higher and a low risk of a major declineUnder-followed office furniture manufacturer Steelcase Inc(SCS) seems to fit that billThe firm saw its best EPS ever in 2018. Per-share revenue, cash flow and dividend...
Read the full story and get access to the Real Money Pro trading floor.
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.