PEP is a valuable holding; investors are likely to retain positions and a sector rotation back to PEP is possible soon.

Let's focus on the PepsiCo chart. It was an extremely difficult year for her. Stocks hit their lowest level in six years during yesterday's session. We have some financial results.

The numbers looked better than expected in the last quarter, but forward guidance was the hurdle, yet we are now trading up 2.3%. So, we are recovering some of those losses.

It is clear that international operations seem to be compensating for the weakness here locally. Look at Pepsi shares, which are trading up about 2.4% in early trading.

This comes after the company delivered a better-than-expected performance in the third quarter in terms of revenue and profit, with organic sales growing by 3.1%, exceeding estimates.

International operations, as I mentioned, remain a bright spot with strong growth in Latin America and the Europe, Middle East and Africa sectors. Also, in general, its international beverage business was stronger.

But investors are also focusing on more cautious expectations. Pepsi has lowered its full-year forecast for core constant currency earnings per share growth to just 1 to 2%. This is less than its previous range of between 4 and 6%.

The administration stated that it is moving urgently to improve performance in North America, where the snack and beverage sectors continue to face pressure from the value-conscious consumer.

The company's CEO was particularly candid about the soft drink business, saying, "We are not happy with the beverage business as North American beverage sales volumes have declined by 3% since the beginning of the year."

Pepsi plans to increase investments in its brands, including Pepsi, Mountain Dew and Poppy, while identifying additional cost reductions to help fund those efforts.

On Wall Street, and generally speaking, Sam, analysts said the quarter was better than feared, with strong overseas operations helping to offset a slower-than-expected turnaround in North America.

As I mentioned, and as I said previously, the stocks are now up by about 2.34% in real time.

Well, we are seeing a positive reaction at least so far. But as we mentioned, it's been a tough year for Pepsi stock. How would you handle a typical trading deal for this stock?

I mean, trading at low levels as low as 60 just yesterday.

Yes, trading at low levels. I think you know, it's a valuable stock and people are probably looking at other parts of the market right now. It has its rotation, of course, and there is perhaps some possibility of a rotation occurring in the near future.

I think many people will continue to want to hold onto this stock. If I were to start a new trading deal for myself, for example, I think I would look into selling a put option.

I'm going to go to November and look at a put option at 120. I'm going to look at a cash-covered put option. Sell the put option at 120 for $1.60. That would give me a net of $160 per 100 shares, and that would be a return of approximately 1.3% for a little over a month, which is equivalent to an annual return of 11% if I did that every month. So, this is something I wouldn't mind at all.

Of course, this means I'm committed to buying it if the price drops below 120 again.