Harley Davidson, Inc. HOG – Options
We were passively observing HOG last week as the stock was coming off its newly registered annual low (46.00), and we want to kick off this trading week by entering a potential options idea into the log. The stock is is extreme oversold territory, and we feel it’s just a matter of time before a more convincing rebound occurs.
That’s why we want to wait in the wings and observe the HOG 09/01 $49-51 Calls, which could stand to make some very nice moves if the stock can regain some of its recently lost ground over the course of the next few weeks.
Pandora Media, Inc. P – Options
Without a heck of a lot happening on the stocks front, being the dog days of summer, we see better chances for good opportunities with options at the moment. Pandora is another idea we want to talk about this morning,
It has been doing quite well over the past several weeks, since touching a low of 6.76 midway through last month. It approached the ten dollar mark last week before peeling back slightly, but this morning in the premarket, we’re seeing trades in the $10-range so we want to be ready with an options idea on the chance that a more significant breakout could occur. We’ll be tracking the P Weekly $9.50-11 Calls.
AZFL, CHOB, GNCA, NVAX, GLBS, RNVA