AcornWealthCorp
Long

Pag - long from 41.83

NYSE:PAG   PENSKE AUTOMOTIVE GROUP INC
126 0 1
Huge insider busying, specially from the owner. Technically it just breaking out of a channel/resistance & seems ready to fly to the next resistance.
We think it can go up to 52.56. Break of 41.83 will be a good point to long,
On the option side we are looking for Nov 40 & 45 calls, last trading price was $3.5 & $1.32
You can also look for Feb17- 45 call traded for $2.23

You can check our detailed analysis on PAG             in the trading room/ Executive summery link here-
https://www.youtube.com/watch?v=-ZW5PFLDF88
Time Span: 2:45"
Trade Status: Pending
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