John Kmiecik is the head options instructor for Market Taker Mentoring, and co-author of the eBook 3 Secrets to Making Money in Any Market. Get your complimentary copy of his option trading eBook.
The discount retailer is making all the right moves, and its stock is approaching blue-sky territory. This long-call play looks to capture a chunk of that upside.
Having just moved from the MidCap 400 to the more elite S&P 500, PETM could do even better. This covered call option strategy can tap that possibility.