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Hawk’s Nest

Auto Dealer Sees Large Call Buyer As Stock Clears Value

by | Nov 10, 2022

Lithia Motors (LAD) buyer of 750 Dec $230 calls for $9.50 up to $11.50 as the stock breaks above monthly value resistance at 220 and has open space up towards 250. LAD is also seeing a 8/21 EMA bull cross this week confirming the trend change higher and RSI is making 6 month highs above 60 leading price. The 200 day EMA is above at 263 and would be a extended target on follow through higher.