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This is a combination of a failed breakdown and compression breakout.
The stock has been trading in a 3 point range and tried to rollover on Wednesday but failed. Now it’s threatening to breakout above 72. Initial target is 75.
Options liquidity on this name is absolute garbage. I’d rather play the stock long with a stop under 70.75. If you do want to play it I would look at the Nov 72.5 Calls.
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