CarParts.com (PRTS)
Today’s Chart of the Week comes from our “Follow the Flow” Report, which scans the options market specifically for very large, very aggressive directional bets from institutions.
That report picked out CarParts.com (PRTS).
There’s a big bet here on August 20th calls, but beyond that we’re seeing a nice breakout and good relative strength.
With this big beautiful base, we are long above 20 with a target of 31.
Below 20, we don’t have our breakout so we’re just watching, but above that level we’re in it for 55% profit potential.
Limited risk, high reward, winning trade.
Til next week, good trading,
JC Parets
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