Option Play: PEP

Stock closed above key consolidation level at 143.77 on Friday. Stock tried to break through this level 3 times before finally breaking through and closing above for confirmation on Friday. We will see 147.2 shortly for an ATH kiss, and if momentum is strong enough, it could blow right through. Solid rally all together for the market on Friday afternoon helped push this one to confirm the close. Look for a green cloud to form up on the right as the price pulls up - setting up for a gap Monday or Tuesday, maybe Wednesday. Sitting in 147c for 11/20 expiration, and the 150c for 11/27. Good luck if you play!! 147 is my first 🎯 and then I’d base a larger rally on if the market is strong or not. Look for potential stimulus relief talks. In a scenario as such, we could see 155-160. Don’t hold onto calls too long, take profit and leave a runner or two.