YELP has a couple of things going for it. Golden cross on the horizon and recent volume. It's susceptible to news related to global pandemic. "Why would I need YELP if I'm sitting at home." I would like to ride it to pre-pandemic levels (around $40) I just do not know if I am willing to take the risk quite yet and definitely not at its current price.
Watching for entry points of: $31.43 - would consider it, depends on what is happening when it hits $30.34 - I am much more comfortable at this level.
I would purchase far into the future call options (ideally if the VIX is up) to make sure I make this play as safe as possible.
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Getting call options on this today or tomorrow. Options are least expensive when: * the vix is elevated * EOD on Wednesday or Friday