During our Analyst meeting this morning, the idea I brought to the table was a long bet in Cloudflare $NET.
I like that it’s just starting to break above a level of resistance that has been in place for the better part of two years.
My initial thought was to make a short-term tactical bet on a run to $100, but then I noticed that in the June options expiration series, the highest strike available is $110. Clearly the CBOE doesn’t read All Star Charts research and our belief that this stock could touch $130 per share over the next 3-6 months!
Check out this chart of $NET and you’ll see a move to $130 doesn’t seem that outlandish at all: