stock "RTN" is a defensive military stock that went up quick and retraced back to "new support level". As you can see on chart, the stock has broken out of the red trendline
and is forming a strong base. The "SPX500" has made new highs and this stock has not! so this is a catch up trade as the market may continue to go higher and this stock could catch back up to make new highs. I bought the January 2019 call strike 200 for $11.28 a contract(1,128 investment). I'll be looking for around 35%-50% profit or if this stock explodes higher, i'll hedge my investment and look to rebuy back into DFEN
for the longterm.