Options Bulls Beat the Spotify Stock Pop
SPOTSpotify(SPOT) Schaeffers Research·2024-02-07 01:50

Subscribers to our Schaeffer's Weekend Trader service scored a 146% profit with our recommended Spotify Technology SA (NYSE:SPOT) April 200 call in just over three weeks. Below, we'll explain why we recommended the bullish position in the first place, and how the trade played out so quickly. At the time of our recommendation on Sunday, Jan. 14, SPOT had just moved above the round $200 level -- a layer it failed to break above in December -- and found support at its 20-day moving aver. What's more, the 200-w ...