A Curated Platform of Equity & Options Market Intelligence
Select Page

Member Content

Relative Strength High End Retailer Setting up High Tight Bull Flag

by | Feb 19, 2025

Williams-Sonoma (WSM) shares of the specialty retailer are staying wildly strong as they consolidate recent gains above its 21 EMA and now has formed a high tight bull flag. Wednesday printed a bullish hammer candle right off the 21 EMA and now looks ready to run above monthly value for a breakout to 220 and potentially higher. WSM does not report earnings till mid-March but still has buyers of 550 March $175 ITM calls holding in open interest after doubling so far since the 11/20 buyer. BAML boosted its target to $225 from $200 to reflect momentum in high-end existing home sales and furniture spending data.

Not a Member yet?
Subscribe to
OptionsHawk Premium
Subscribe

Options Hawk Max

$399 | 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

$199 | 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