$GRUB - GrubHub
continues to hold the upward trend line
, expecting a breakout within the next 1-2 weeks leading up to ER late October. GrubHub
has maintained a great record of earnings
beats over the last year, assuming this continues we could see $170 by the end of October post-earnings release.
Adding to the bullish
sentiment, there was a deep-in-the-money ~$7M bullish
bet today via Jan'19 $67.50 calls with ~1,100 purchased for ~$7k per contract.
Near term target - $150
Medium term (post-ER) target - $170
Note: Informational analysis, not investment advice.