$WFM Wholefoods – Some Food For Thought

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.

That's a pretty remarkable call.

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


Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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