Weekly Wiretap Pick Of The Week HOOD

MAX Trade Potential: 16%

My Trade Plan Details:

• HOOD Aug 29 $120 calls at 4.40s to $4.60s
• Stop: HOOD closes below $105
• Target 1: $120
  
• Target 2: $123
• Target 3: $125
  

My Reasoning:

Chart wise, HOOD is rolling to new all time highs and could be on the verge of breaking $120 mental resistance. Higher highs and higher lows make me think this is a great short to medium term trade idea.