NEW DIRECTIONAL CALL PLAYS
Ross Stores - ROST - close: 65.03 change: +1.41
Stop Loss: 63.45
Current Option Gain/Loss: Unopened
Time Frame: exit prior to earnings in late May
New Positions: Yes, see below
Why We Like It:
Retail stocks were showing relative strength today and the XRT ETF hit a new high. ROST is an apparel retailer and shares were outperforming the broader market with a +2.2% gain. This is a breakout past the mid-April high. Speaking of the mid-April high, the move was fueled by better than expected March same-store sales growth.
Today's high was $65.17. I am suggesting a trigger to buy calls at $65.25. If triggered our target is $69.00.
Trigger @ 65.25
- Suggested Positions -
buy the Jun $67.50 call (ROST1322F67.5) current ask $1.50
Entry on April -- at $---.--
Average Daily Volume = 2.3 million
Listed on April 25 2013