Dollar General Corp (DG)DG is a good profitable company with consistent growth.
drop off to 68$ because The earnings reported missed the analyst consensus estimate by 0.01$.
close to 200 moving average and rsi is on 30.
a very strong support at 66$ should at least short squeeze to stock to 70$ - 75$.
Trade ideas
$DG (D) Discounts Soon Available. Near term bearish.Strong start YTD. Rolling back towards ema50 (Red MA). It may not touch, cross, or dip this attempt. But it might provide a long entry for interested parties after this near term bearish correction.
*Note: Given time and price action, ema50 always catches up to price before continuing or reversing.
Trader takes Over a $1.5 Million Bet in DGDollar General Corporation, a discount retailer, provides merchandise products in the United States. Today we saw a trader buy over 7,000 DG 5.6.2014 55.5 Calls for $2.10. This is one of the biggest orders that I have ever seen in DG, so I knew the stock was going to rip to the upside. So, I decided to jump on board and buy these Calls as well. So, lets breakdown the trade in details.
Institutional Order Flow:
Trader bought 7,000 DG 6.6.2014 55.5 Calls for $2.10
Cash Outlay: $1.42 Million Dollars
Greeks of this Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long
I am LONG these Calls