Tupperware Brands Corp. trades under the ticker TUP & has recently shown a lot of technical strength. They currently are trading at $25.61 as of the close on 9/21/2020, making me eye the calls for $25 and $26.
Given that the markets look to have some overnight momentum to run with from the look of futures, the slightly out of the money $26 may be advantageous for a short term trade.
TUP Price: $25.61
10 Day Moving-Average: $24.12
50 Day Moving-Average: $15.03
200 Day Moving-Average: $7.33
Their RSI is showing signs of being overbought, which could also make the idea of using a straddle appealing to some traders, as when the price of TUP ventures too far from the strike in either direction while the price establishes its range, the trader will profit.
If exercising the straddle, I may think to opt for the $25 calls & puts instead of the $26.
*** I DO NOT OWN ANY SHARES OF TUP ***