This stock reminds me of another company that was getting pummeled by investors and analysts alike. $BIG. Big Lots was down well under $30 a share earlier this year, analysts were busy downgrading the stock further. With the stock at $26 I said it would defy the analysts, the investors, the negative bias. The stock recently hit over $46 a share.
I am in WFM calls for a similar move to BIG. I'm not saying WFM will move $20 to the upside over the next 5 months, but I do think the negativity has grown to an extreme, just like $BIG at $26.
I like the stock at recent support here, and I think its poised to surprise everyone who thinks it will fall further.
I am in this weeks $36.50 calls for $.33
This weeks $37 calls at $.17
And November $39 calls at $1.60