$SGMS Oversold After Retrace - Options play 5.25 to 1 Return

$SGMS Looking oversold and due to bounce after a healthy 50% retrace of recent run up. After crushing earnings last month and seeing a moderate pullback recently...I think this stock is primed to resume its ascent. Targeting $32.00-$34.00 range by late April / early May.

If I was looking to play this with options...calls are looking fairly cheap OTM so I don't think a bull call spread would provide the best return on capital here. I'd be looking at an outright purchase of April 18 2019 $25.00 strike calls currently trading for $0.80 - I think there's plenty of time left for a move well above $25.00 by April 18th. With a break even at $25.80, if SGMS can just return to its recent high of $30.00 from Feb (which is very possible in 36 days to exp ) we're looking at $4.20 in profit for a nice 5.25 to 1 return.

Note: Informational, not investment advice.
I like the consolidation that has taken place and the solid move in volume on Friday.
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