Trading Options with an Edge
Select Page

Member Content

Growing Convenience Company Becoming More than Just a COVID Play

by | Sep 4, 2021

DoorDash (DASH) setting up well on the daily timeframe with shares flagging in a narrow range above VWAP from the recent lows and looking for a move above $195.50 and through a high-volume shelf. DASH has been strong off the May lows and poised for a continuation higher with the 8- and 21-EMA supportive below. A breakout has room to run with an untested VPOC from January/February up at $201 and a high-volume node and the top of that value range at $215. DASH has seen some large near-term flows lately including buyers of 4,350 September $190 calls on 8/27 for over $3M. The Sept. $185 calls also have 4,450 in open interest from 8/20, a more than $5M buy, and the February options also seeing some notable buying.

Trade to Consider: Long the DASH October $200 Calls for $9 or Better

Not a Member yet?
Subscribe to
OptionsHawk Premium
Subscribe

Options Hawk Max

$300 | 30 days

  • Options Hawk Trading Hub Live Chat
  • Hawk’s Market Blitz
  • Spotlight Trades (2 Per Week)
  • Market Recap
  • Weekly Earnings Snapshots
  • Live Mock Portfolio
  • 1 on 1 Access
  • Hawk’s Trader Toolbox
  • Street Research
  • OptionsHawk Research
  • Daily Options Radar
  • OptionHawk’s Weekly Radar Report
  • Options Hawk Market Outlook Access
  • Daily Earnings Grid
  • Weekly and Monthly OpEx Sheets
  • Notable Options Database
  • OptionsHawk Quarterly Market Brief

More About this Plan

Options Hawk Elite

$149 | 30 days

  • Hawk’s Market Blitz
  • Spotlight Trades (2 Per Week)
  • Market Recap
  • Weekly Earnings Snapshots
  • OptionsHawk Research
  • Daily Options Radar
  • OptionHawk’s Weekly Radar Report
  • Options Hawk Market Outlook Access
  • Daily Earnings Grid
  • OptionsHawk Quarterly Market Brief

More About this Plan