Lumentum Holdings  $LITE is the Standout Stock Options Trade Opportunity on the Stocks Predator Today (12/15/23) 

$LITE, The standout Stock Options Trade Opportunity. xBrat Vic likes the Jan 19, 2024 CALL at a $55 STRIKE price which is trading at $0.80.  The xBrat Stocks Predator detected the unusual options activity at the $47.5 STRIKE back on 11/28. But this stock is already above that price as of today.

options trade opportunity for LITE on the xBrat Stocks Predator

Options Trade Opportunity – The Spread

The spread between the bid/ask price is 0.7 vs 0.8 which is a bit higher than I like (14% instead of 10% or lower). But the xBrat Stocks Predator is showing a Victory Rate of 12.3 which is the expected return on the account based on current stock price, unusual activity strike price, implied volatility and volume to open interest ratio.  Roughly, how much money you can make with this single trade. So if it says 12.3% that means that you expect 12.3% ROI from today by the expiration date. With $1000 account size that means $123 profit based on current numbers with this stock options trade opportunity on $LITE

stock options trade opportunity

Victory Rate

Typically it is considered good if the stock being considered has a Victory Rate 10.0 or above.  In this case, I will put more emphasis on the Victory Rate from the xBrat Stocks Predator than the spread between the bid/ask.  The Implied Volatility Rank is at 23.5 which is pretty low relative to the past year for this stock’s IV.  The next Earnings Report is scheduled for around 2/8/24 which gives the IV for this to rise positively impacting the options price. 

Lastly, the daily chart shows plenty of fresh air both at the daily support/resistance (S/R) and the weekly S/R zones.  See screenshot Below:

stock options trade opportunity support and resistance

For all of these reasons, I like $LITE from today’s xBrat Stocks Predator readout. These and many more Stock Options Trade Opportunity plays are avauilabe in the xBrat Vic Teams channel. Which is part of the continual support to our xBrat Stocks Predator Subscribers. Learn More HERE

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