PepsiCo just handed dividend investors and options sellers a rare gift
I normally don't post about individual stocks, but PepsiCo (PEP) caught my attention. Right now: - Dividend yield is around 4.06%, one of the highest in the company's history. - Stock has pulled back from ~$190 to ~$130. - 53 straight years of dividend increases. - Fundamentals are still solid, no obvious collapse in the business. For options traders, it gets even more interesting: - IV Rank is 34.5, which makes options premiums elevated. - This could be a good setup for selling cash-secured puts, or even running the Wheel strategy if you want to build a position. I'm sketching out a few trade ideas now, but curious how are others approaching it? Would you consider starting a Wheel on PEP here, selling puts aggressively, or would you stay away given the broader market risks?