Options up over 58% in just 2 days!

CRWD Options 7/08/24 near $6 – 2 days later $9.50 = 58%

My Trade Plan Details:

• CRWD July 19 $400 calls near $6.00
  
• Stop: Close CRWD below $378
• Target 1: $400
• Target 2: $410

My Reasoning:

Today, I am going after a very strong stock that has been crushing earnings estimates. It was recently added to the S&P 500 and is knocking on the door of a new all-time high. It is also closing in on a key level.

My Bullseye pick that I want to buy this week is (CRWD) 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 $378 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 CRWD hitting around $394 a couple of weeks ago, I think a break above that level again will propel the stock to $400+, which is the target price I am aiming for.

If $400 clears, I think it is possible to see $410 soon as target #2.