Costco’s Bullish Run: Time to Buy?

[INSIDE] Options Insights January 23rd, 2024 Costco’s Bullish Run: Time to Buy? Everyone wants their stock picks to move in their favor. Me and my team think that COST is a ticker that has a high likelihood of doing just that. Any time we see a stock with freight train like momentum it catches our attention, and we immediately look at what it has the power to do for us. A great way to identify price momentum with that velocity is to look for stocks that have gone above their 52-Week High. By coupling that insight with the leverage of options, it can provide big potential wins. Take a look at the chart and then we’ll show you how we are looking to trade COST.  Any time a stock is pushing in an upward direction, especially above its 52-Week High, that momentum will typically continue. Our initial price target for COST stock is 715.00 per share. We are taking a look at what a call option spread could do if COST keep climbing, goes down in price, or doesn’t move at all. For this option spread, the calculator analysis below reveals the cost of the spread is $285 (circled). The maximum risk for an option spread is the cost of the spread. The analysis reveals that if COST stock is up at all, flat, or down -7.5% at option expiration the spread will realize a 75.4% return (circled). Knowing this information BEFORE you pick a trade can help you see which trades are worth it and which may not be. Our Optioneering team provides this useful tool to folks using our service. Click [here]( to gain access to our calculators and trading insights. We are going to keep an eye on COST and will share other opportunities that we spot. Be sure to look for them in your inbox. Wishing You the Best in Investing Success, Chuck Hughes Editor, Trade of the Day Have any questions? Email us at [dailytrade@chuckstod.com]( *Trading incurs risk and some people lose money trading. --------------------------------------------------------------- See Related Articles [‘Buy’: Boise Cascade Breaks Higher]( [Is CRM’s Bullish Run Just Starting?]( [RSG Quietly Makes New Highs]( --------------------------------------------------------------- [TradeWins Logo](  © 2024 Tradewins Publishing. All rights reserved. | [Privacy Policy]( | [Terms and Conditions]( | [Contact Us]( If you didn't create an account using this email address, please ignore this email or unsubscribe using the link below. To ensure delivery of this email to your inbox and to enable images to load in future mailings, please add [todaystrade@chuckstod.com]( to your e-mail address book or safe senders list. DISCLAIMER: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by Legacy Publishing LLC. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading. The information provided by the Legacy Publishing LLC (“Legacy”) Trading Services, newsletters and educational publications (“Services”) is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Legacy a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Please note that results may not be typical and can vary from person to person. There are inherent risks involved with investing in the stock and options market, including the loss of your investment. Any investment is at your own risk. You should only trade or invest your "risk capital" – money you can afford to lose. This email was sent to {EMAIL} by todaystrade@chuckstod.com TradeWins Publishing Corp.528 North Country Rd.St. James, NY 11780 [1-Click Unsubscribe]( | [Edit Profile]( | [Manage Subscriptions]( | [Report Spam](