I have been bearish on Grubhub for a while, but Amazon's recent exit from their competitive market seemed too good to pass up. Purchased one 7/5 call spread $69.50/$80 for $3.05 just to take a chance on it.
So far it's up at 4.38, and it peaked today at about 5.00. Hoping for 100% out of it if this little boost continues, but my stop is wide on this one at -30% of max risk. There's not really much to do with technical in this play other than support/resistance, so this one will just have a fun little profit/loss line image.
Green - Target (100%)
Yellow - Break even
Orange - Stop (-30%)
Red - YOU DONE SCREWED UP, SON!