Celsius Holdings delicious at resistance CELH options analysis

- Company: Celsius energy drink ($CELH) - Stock has risen over 5 years by 3,700% to a 13B market cap - Stock price currently near $50 support level, down 40% from May peak - High growth potential in the energy drink market - Options volume high, 86% call percentage - Options play: CELH 75C 8/16 at 1.22 debit - Earnings on 8/6 - Buy recommendation based on volume and call percentage compared to other names

🚨 Reddit sentiment: mixed - Comments are both bullish with interest in call options and confidence in earnings, as well as bearish due to oversupply issues and reduced stock from Pepsi. Summarized comments: - Waiting for a sign to buy CELH as it's a popular energy drink that has dipped; considering doing due diligence on financials - Mention of 8/16 75c 10 contracts - Interest in 8/16 70C options; some considering scaling down - Some users bought 70c 8/16 contracts and are holding small amounts - User realized expiry is further out than thought and holding 70c 8/16 - Positive reaction in Q1 2024 earnings (+8%), negative in Q4 2023 (-5%), positive in Q3 2023 (+10%); Q2 2023 saw a 20% rally after earnings - Some investing in 75c 8/16 with a positive demeanor - Discussion on oversupply issues and Pepsi reducing stock, causing bearish sentiment; user holding $12k shares with cost avg of $63 and considering selling to break even before earnings Stock tickers discussed: $CELH