FriscoTrades

$TXRH Unusual Option Activity Texas Roadhouse

Long
NASDAQ:TXRH   Texas Roadhouse, Inc
Caught some UOA flow for $TXRH - MAR 22 95C

Current open interest is 9,487

I always study the charts when I see a big call / put buyer especially for a name that's not as common.

Looks like a volume uptick from recent ER, at good volume shelf support zone and recaptured weekly 21 EMA .... bullish falling wedge pattern. Want to see this breakout or perhaps more consolidation first, but indicators curling up my bias is to the upside.

I followed the whale, currently +33% with $97.5 zone first price target.

Refer to Ford's recent price action for one of the best examples of multiple falling wedge breakouts.

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