$WFM to $70………What’s the Probability?

Deutsche Bank analyst Karen Short (great name for an analyst!) initiated coverage on Whole Foods Market (WFM) on 9/25 and says the stock will go to $70.  Short gave NO time frame but did say there’s lots of reasons it might go there…like dominance, taking market share, ROIC, etc., etc.

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Sooooo, what are the Facts*?

As of 9/25/2013, WFM was trading for $58.33

  • Probability of closing at/above $70 in 51 days =     2.49%
  • Probability of closing at/above $70 in 114 days =   6.12%
  • Probability of closing at/above $70 in 149 days = 10.32%
  • Probability of closing at/above $70 in 478 days = 22.55%

*Data from Thinkorswim options statistics, 9/25/2013

Trade small, trade often and be informed………. and watch tastytrade!

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About thefront9

Independent trader with a flexible approach to the markets. Position trading, swing trading and day trading using Futures, Equities and Options. This site is intended to help others (and myself) see what I see and to stay true to the discipline of making trades at the extremes. Contrarian and TastyTrade addict! Living in Texas with my family, helping others and maybe playing some golf from time to time makes life busy and great. Add a little music and humor and that just about sums it up. Trade the extremes and manage risk.....always!
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