DoorDash (DASH) shares flagging above the 8- and 21-EMA last week after working higher off the 55-EMA base and poised for new highs. A breakout move targets $227.50 in the near-term but sustained move above that level has a lot of upside out to $260-$270. DASH sees a lot of smaller, high-dollar trades but does have 2250 January $250 calls in OI from mid-August buyers while the February $230 calls had 1,400 bought for $1.5M on 8/4.

Trade to Consider: Long the DASH December $220 Calls for $12.50 or Better