Sip on this Coffee Chain

Dutch Bros. went public in Sept 2021 around $32, and trades at $48 today. Shares recently hit a high over $81 on Nov 1 and have sold off sharply shedding 41%, and we believe that Wall St. will get hip to the brand and it's growth very soon.  The company has been profitable in recent years, is growing revenue aggressively, and new locations are expanding across the Western states.  

We see shares worth much more than $48 in the future, but we'd be willing to pick up shares at a discount and we are selling the February 2022 $40 Puts for $0.65.  If shares trade below $39.35, we'll buy the shares at that effective price.  This as a relatively low risk trade, and the options are likely to expire at $0.