CELH Calls – Your Bullseye Pick of the Week - Bullseye Pick of the Week

My Trade Plan Details:

  • CELH Mar 8 $70 calls near $2.50
  • Stop: Close CELH below $61
  • Target 1: $70
  • Target 2: $74

Options up over 720% In just 13 days

My Reasoning:

My plan today is to buy some stock near, and the options I list below, somewhere near the target price.  

Remember, it is impossible to predict where option prices will actually open or trade at when the market closes, so I am just giving my best guess here.

Keep in mind that CELH earnings are on March 7.  This is a stock that I actually plan to hold a partial position into earnings, realizing that it could be a total $0 or a big winner if things go well.

I would also like to add to this position if CELH trades slightly lower in the next day or two.  I think it will rebound if that happens, as long as it stays above $61, which is my stop loss on this trade.

If I do get stopped out, I will definitely come back to the trade at some point prior to their earrings date.

If things do go well for me, I would like to trim this position if CELH rallies near $70, and definitely near $74 which is my #2 target price.

I have said this for a long time, but I think CELH is going to $100 and we will see the company get bought at some point this year.  Both are completely my speculation, not advice of any type.