After Laying Low, Yeti Stock is Primed for Breakout

The stock sports reasonably priced premiums, as well

Apr 14, 2021 at 2:50 PM
facebook X logo linkedin

The shares of drinkware name Yeti Holdings Inc (NYSE:YETI) look poised for a breakout, after consolidating for most of 2021. The security has found support at its year-to-date breakeven level multiple times, and is now breaking above the +10% year-to-date level, which had been an area of resistance over the past two months. Plus, the +200% year-over-year mark has been another area of support, making now a great opportunity to speculate on YETI’s next move higher.

What’s more, the security is sitting above a large amount of call and put open interest at the 75-strike. In short, now is probably best time to buy, as our strike indicates.
Premiums on YETI are quite affordable at the moment, per the equity’s Schaeffer's Volatility Index (SVI) of 42%, which sits in the lowest percentile of its annual range. This implies option traders are pricing in low volatility expectations right now.
Meanwhile, Yeti stock’s Schaeffer's Volatility Scorecard (SVS) stands at an elevated 71 out of 100. In simpler terms,  the security has exceeded volatility expectations during the past 12 months -- a great thing for options buyers. Finally, our recommended call option has a leverage ratio of 4.2, and will double in a 24% pop in the underlying equity.

Subscribers to Schaeffer's Weekend Trader options recommendation service received this YETI commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI