Options traders like to say that there are strategies that can profit if a stock rises, falls, or goes nowhere at all.
Crown Holdings (CCK) , which reports earnings next week, may have the set-up we're looking for.
Demand for sustainable and recyclable packaging drives growth in the beverage can market, a significant segment for Crown Holdings.
In the street's view, Crown Holdings is a reasonable business at a reasonable valuation (19 price-earnings ratio).
This involves purchasing the lower implied volatility, longer-dated options, and selling nearer-dated options to capitalize on accelerated decay ("theta").
Organizations:
Crown Holdings, Ball Corporation, YTD, Holdings, CNBC, NBC UNIVERSAL