Bonus Stock pick – ATHM
Autohome Inc, a great online automobile consumer company in China, with strong growth potential presented a good trading opportunity.
1. Moderate trader can long near $107.60 with stop loss $99 (8% from buy point). No need to set profit target at the moment.
2. Aggressive trader can buy $110 July 2018 Call options without stop loss (means willing to loss the entire premium paid) and profit target 100%-300% of the premium paid. Premium is around $7.60 ($760 per contract) at the time of writing.