CAVA Calls – My Bullseye Pick of the Week - Bullseye Pick of the Week

CAVA options up over 146% in just 5 days!

Entry $1.80m high $4.44

My Trade Plan Details:

  • CAVA May 24 $78 calls near $1.80
  • Stop: Close CAVA below $68
  • Target 1: $78
  • Target 2: $82

My reasoning:

For this week’s new trade, I’m going with a stock that is in pure breakout mode.

This stock is defying all the skeptics and breaking out to all-time highs.

This is an excellent setup, and the stock has a high amount of short interest behind it too (we’ll talk about why that is important today also).

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

My plan is to buy CAVA stock and also buy a half-sized position in the call options I have listed below, hopefully near my target price.

I would like to save room so I can add to this position if it dips to around $70 in the next couple of days.