New Stock Setup - Domino's Pizza (DPZ)

Looks like Domino's is setting up a very nice Penant  (Flag) formation.  This formation can pay off handsomely if it works.  Take a look at the attached chart.

The stock has moved from around a low of 26 (Oct 4) to around 32.50 for the flag pole formation.  And then is around 31.5 at present while making the flag/pennant formation.  That is about a 17% move (all numbers are rough and conservative).  A flag or pennant formation will generally result in the same percentage move if it breaks to the upside as before.  So we can (very conservatively) look for about a $5 move from here in a short period of time.  I am playing this with Dec options.  Dec 32 calls are running around 1.05 bid and 1.25 ask (but you can probably get them around 1.15).  I would expect the option to get to $4 or higher if the stocks makes it move in short order making it a potential triple play.  I also own some Dec 30 calls at present.   Of course, if the market breaks down (and who knows which direction it will head into with the Greek disaster that is ongoing in the European front), all bets are off.  This is a high risk, high reward pattern that I have played successfully in the past for very large gains (and some severe losses as well).  So buyer beware. 

Disclaimer:  This should not be taken as a recommendation to buy.  You should do your own due diligence and research before opening any positions.  Stock and Option trading is inherently risky and can result in the loss of all of your capital.  You should always apply sound risk management techniques.