June 30, 2016 | 9:15 AM by Fahad Khalid | fkhalid@jaguaranalytics.com

As We Expected Mobileye (MBLY) Strikes Partnership with Intel and BMW

This note was sent to JaguarOptions Pro clients on June 17. Stock is ripping higher by +10% today after announcing partnership with Intel and BMW. We saw this coming. See below. To learn more about our approach and how you can become a successful trader, sign up for 2 week trial and test drive live chat room with some of the best traders: SUBSCRIBE

Mobileye
Ticker: MBLY
Sector: Software
Current Price: $38.55
Target: To Stay Above $43.90
Stop Loss: $34.00
Time Duration: 91 days

Trade Idea – Buy MBLY September 40 Calls for $2.85 or less (the bid/ask currently is 2.65 x 2.85)

Buyers of 8,800 July (22) Weekly 40-strike calls paid up to $1.45 offer side this morning. Over $1.2 million call premium bought on 3x daily average call volume with implied volatility rising by 2.8%. Stock is technically acting very strong in weak market and looking to breakout. Yesterday, RBC Capital met with MBLY management and walked away with two hard catalysts that are coming up. All this explained in video below.

Fahad

MBLY Chart 2

#INTC#MBLY
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