https://www.thestreet.com/story/137...ck-price-target-reduced-at-deutsche-bank.html http://baseballnewssource.com/marke...-price-target-at-deutsche-bank-ag/112557.html http://reviewfortune.com/2016/09/26...-insiders-look-pessimistic-about-prospects-2/ http://www.msn.com/en-us/money/stockdetails/financials/fi-126.1.CAG.NYS http://stockcharts.com/h-sc/ui?s=CAG Earnings are Sept 29th before market open. Trade: With CAG at 43.04 Jan '17 48/50 bear call spread for a net credit of $25 Yield = 25/175 = 14.3% in 115 days or 45% annualized Prob = 80% Expectation = .8(25) - .13(175) - .07(87.5) = 20 - 22.75 - 6.12 = -8.9 Price............. Profit / Loss........... ROM % 32.00.................. 25.00................ 14.30% 38.00.................. 25.00................ 14.30% 44.00.................. 25.00................ 14.30% 48.00.................. 25.00................ 14.30% 48.25.................... 0.00.................. 0.00% 50.00................ (175.00)............. -85.70% 52.00................ (175.00)............. -85.70% 55.00................ (175.00)............. -85.70% 60.00................ (175.00)............. -85.70%
Longer term downtrend continues on Con Agra. There is a pause and a bit of a bounce here, but should constitute nothing more than a bear rally. Look to be selling CAG on rallies going forth.