$YELP has a couple of things going for it.
Golden cross on the horizon and recent volume.
It's susceptible to news related to global pandemic. "Why would I need YELP if I'm sitting at home."
I would like to ride it to pre-pandemic levels (around $40) I just do not know if I am willing to take the risk quite yet and definitely not at its current price.
Watching for entry points of:
$31.43 - would consider it, depends on what is happening when it hits
$30.34 - I am much more comfortable at this level.
I would purchase far into the future call options (ideally if the VIX is up) to make sure I make this play as safe as possible.
Golden cross on the horizon and recent volume.
It's susceptible to news related to global pandemic. "Why would I need YELP if I'm sitting at home."
I would like to ride it to pre-pandemic levels (around $40) I just do not know if I am willing to take the risk quite yet and definitely not at its current price.
Watching for entry points of:
$31.43 - would consider it, depends on what is happening when it hits
$30.34 - I am much more comfortable at this level.
I would purchase far into the future call options (ideally if the VIX is up) to make sure I make this play as safe as possible.
better not bitter
Options are least expensive when:
* the vix is elevated
* EOD on Wednesday or Friday