Trade Alert: SurveyMonkey

SurveyMonkey
Ticker: SVMK
Sector: Software
Current Price: $17.40
First Target: $20.00+
Stop Loss: $16.10
Time Duration: 106 days

Trade Idea – Buy SVMK January 17.5 calls for $1.80 debit or less.

The bid/ask spread currently is 1.65 x 1.75 and volume at this strike is zero and open interest is only 235. Placing the alert 5 cents above the offer.

This is one of Top Long ideas in upcoming Jaguar 4Q Outlook and I have been quite impressed by how it has held up major VoP support despite huge equity market sell off this week. Issuing it early, which I hope doesn’t discourage you from buying the Outlook which will have a ton of other great ideas in it.

See full bullish write up HERE and chart below.

Fahad