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

WING options up over 87% in just 1 day!

My Trade Plan Details:

  • WING Apr 19 $380 calls near $6
  • Stop: Close WING below $335
  • Target 1: $370
  • Target 2: $385

My Reasoning:

This week, I am steering clear of the tech sector once again.  I think the market needs another week to decide if this new trend is going to hold up or not.

So, I am going with the chicken stock that trades like an AI-stock.  Really, if you haven’t looked at this chart recently, you will probably be shocked at how strong it has been.

After a brief pullback, I think the rally looks ready to resume.

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

I will say that WING trades at a crazy valuation, and has been a very frustrating trade for bears who are betting against it.

Today, my plan is to start with a half-sized position on the WING options I detail below, hopefully somewhere close to my target entry price.

I would like to add to this trade if WING dips to around $345 level.

If WING looks like it will close below $335, I am going to use that as a stop-loss area.

If things work out well, I would like to take profits near the $370 level, and possibly even $385 as target #2.

Remember, there are no weekly options available on WING right now. The contracts I am looking at have more than three weeks until expiration, which is nice because I have the option to hold these contracts longer than normal.