CELH gapped up on strong earnings today. I entered a strangle when they were around 172.00, Call 200, Put 150, Aug 18, total cost 0.78.
I need around 3-6% movement to profit which I may or may not get, but my thinking here is that with the price at a new all time high (by a good margin), there is not going to be a lot of support and resistance volume history that keeps it from moving. I would love to see it trading in a wide range trying to find where it wants to be.