WING Earnings Play (2025-07-29)
**🍗 WING Earnings Play (2025-07-29)**
**🔥 Oversold Setup + 88% Beat Rate = Opportunity**
**🎯 Trade Plan**
• **Stock**: \ NASDAQ:WING
• **Type**: Call Option (LONG)
• **Strike**: \$290
• **Entry**: \$19.20
• **Target**: \$38.40
• **Stop**: \$9.60
• **Expiry**: Aug 15, 2025
• **Entry Time**: Before earnings (AMC 7/30)
• **Confidence**: 72%
• **Expected Move**: ±5%
• **IV Rank**: 75 (Elevated)
**📊 Why WING?**
✅ **RSI = 19** (deeply oversold)
✅ 88% earnings **beat rate** (last 8 Qs)
✅ 17.4% **YoY rev growth**
✅ Volume up 1.28x avg
📈 Setup for **volatility crush + upside surprise**
**⚠️ Risk/Reward = 2:1+**
Cut below 50% premium loss. Target double on upside earnings breakout.
