Monster Beverage Stock Garners "Top Pick" Status

Monster options can be had for a bargain, currently

Managing Editor
Aug 28, 2019 at 10:03 AM
facebook X logo linkedin


The shares of Monster Beverage Corp (NASDAQ:MNST) are up 1.3% to trade at $57.33 this morning, after being named a "top pick" at Credit Suisse. The brokerage firm glowed about the company's Reign performance energy drink, and said MNST stock's recent six-week drop makes for an attractive entry point for investors, calling the shares "cheap."

Earlier in the summer, the $66 level -- home to MNST's Feb. 28 annual high of $66.38 -- kept a tight lid on any stock breakouts. The latest rejection from this area in early August -- not to mention a poorly received earnings report -- has the shares down 11% this month, and trading in a tight range between $56-$58, with the 200-day moving average emerging as a recent ceiling.

In the options pits, the security's Schaeffer's put/call open interest ratio (SOIR) of 1.65 ranks in the 94th annual percentile. In other words, speculators are more put-heavy than usual, looking at options expiring in three months or less.

The good news for options buyers is that Monster's Schaeffer's Volatility Index (SVI) was perched at 27% and registers in the 17th percentile of its annual range. This indicates the equity's front-month at-the-money options have priced in lower volatility expectations just 17% of the time over the last year.

Plus, MNST has certainly been an attractive target for those buying premium during the past year, in the sense that it's made bigger moves than what the options market was pricing in. This is according to the security's elevated Schaeffer's Volatility Scorecard (SVS) reading of 88 out of a possible 100.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI