CAVA options up over 55% in just 5 days!

CAVA Options 7/01/24 near $3.80 – 5 days later $5.90 = 55% 

My Trade Plan Details:

• CAVA July 19 $95 calls near $3.80
  
• Stop: Close CAVA below $89
• Target 1: $100
• Target 2: $110

My Reasoning:

Today, I am going after a previous winner from a couple of months ago.

In fact, I have alerted this stock a few times and have had a lot of success in the past.

I last told you about it in early June, when the stock was trading at $72.

Today, the stock is around $92… and I still think it is going higher!

My Bullseye pick that I want to buy this week is (CAVA) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out for me, I will look at a closing price under $89 as my stop loss, which has been a key support level over the last couple of weeks.

If things work out as I hope, I would like to scale out of most of my position for a 30-50% gain.  

With the all-time high for CAVA hitting around $97 a couple of weeks ago, I think a break above that level again will propel the stock to $100, which is the target price I am aiming for.

If the all-time high is taken out again, then I think the stock could soon rise to $110+.