NEW DIRECTIONAL CALL PLAYS
Whole Foods Market - WFM - close: 100.08 change: +0.33
Stop Loss: 98.25
Current Option Gain/Loss: Unopened
Time Frame: 3 to 5 weeks
New Positions: Yes, see below
Why We Like It:
WFM is a high-end grocery chain. The stock has made a dramatic comeback from its July sell-off. The stock is challenging round-number resistance at $100 and setting new all-time highs. Odds are good that WFM could benefit from any end of quarter window dressing this week.
Today's high was $100.50. I am suggesting a trigger to buy calls at $100.55 with a stop loss at $98.25. Our target is $107.50.
Trigger @ 100.55
- Suggested Positions -
buy the Oct $105 call (WFM1220j105) current as $0.48
Entry on September xx at $ xx.xx
Average Daily Volume = 1.3 million
Listed on September 24, 2012