Quick Breakout Trade Setup in Food Delivery Leader
Doordash (DASH) is a prime candidate this week for a gamma squeeze if markets cooperate into expiration with a lot of June calls holding in open interest, namely the 21,000 June $180 ITM calls. DASH even closed gren Friday during the market volatility and is just a stones throw away from new all time highs above 220. This weeks options expected move sits just over 8 points so a move from this closing price of 219 would imply a target of 227 possible but with the shorter 4 day week a safer target may be hitting 225 especially if get that early in the week ahead of the FOMC meeting.