Whole Foods Market Stock which trades under the symbol WFM, was hammered started in October 2013 when the stock reached just over $64.00. From there the stock lost almost 42% of its value and now investors wonder whether the stock is “safe again” for trading in.
I have never been a fan of Whole Foods Markets Stock and for that reason I have never traded it. That said, anyone who had bought the stock at $64 in October 2013 and again at $37.00 this year would be sitting at roughly $50.50 in value which really is not too bad a position for the stock. At $50.50 it would be fairly easy to rescue a trade and turn it back to profitability. Part of the reason of course is because Whole Foods Market is an established business with a core customer base that continues to shop at the store.
WFM Stock Ahead Of Itself
The stock since it did a two for one split in May 2013 got ahead of itself. Investors tend to do that often with a stock that does a split and WFM Stock experienced the usual euphoria that investors pump into a stock after a such a split.
Recently an investor wrote me wondering what I would consider “safe” for selling options for income in WFM Stock. I thought with the bounce back today in the stock this would make a good time to post my thoughts on WFM Stock.
Whole Foods Market Stock – Trade Ideas For Income
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