After its earnings gap up, the stock has done absolutely nothing. Super tight range, so I’m expecting continuation here.
Why now? The stock has earnings in about a month, and I think investors will start to buy the stock in anticipation of earnings… or at least those that needed to sell their stock have already sold. So it’s about anticipating the anticipators.
Here’s the trade:
Buy to open MNST May 145 calls at 3.20 or lower.
If the stock closes under 133 then stop out of the calls.