Apr. 17 at 7:21 PM
Starting a position in
$TOST this afternoon. This was a pretty routine decision. Toast has two things that make it desirable to someone who trades in my style —- it’s on my list of growth stocks at a reasonable price and it offers weekly options that will produce a nice steady stream of income. It has a nice beta and a nice ATR so it should be volatile enough to easily move in and out. My expectation here is that these shares will fall into that non-description category of grunt work that so many other stock’s options perform to provide me with steady, passive, and consistent streams of income.
A good price target on these shares would be in the low to mid
$40’s, or about 50% higher than these shares are trading for today.
