Petco Health and Wellness Company, Inc. is a pet health and wellness company. The Company is focused on improving the lives of pets, pet parents and its Petco partners. The Company offers various services, including in-store events, grooming, positive dog training, veterinary services, Petco insurance, pet adoption and a resource center. The Company also offers a veterinary service platform, which includes full-service veterinary hospitals, Vetco clinics, and tele-veterinarian services. The Company operates approximately 1,500 pet care centers across the United States (U.S), Mexico and Puerto Rico, which also includes a network of more than 150 in-store veterinary hospitals, and offers a complete resource for pet health and wellness through the Petco.com Website and the Petco app. The Company also operates an independent nonprofit organization, Petco Foundation.
NOTES: 8.7.22
Woof has a long term downtrend but price seams to be trying to push towards a $16 or $17 Dollar level, But for the las 3 Weeks the price has been staying close to a $14.80 level.
If the Market continues bullish this product could raise in value. Under $13.72 this product remains in a bearish trend.
Why I picked it for long term.
This is Specialty Retail that specializes in the Pet Market. It is a industry that interests me since I might want to start my own Pet Food Company. And watching this market would serve me as I prepare my Pet Food Company Venture. Watching this will help me view the ins and outs of competition.
Outlook
Bullish towards a 17 Dollars
Bought 1 Naked Call on the Ask side with a $15 Strike and an expiration of the 19th of August. Expectation to have the Stock go towards $17 Dollars and win Big.
.WOOF220819C15
$60.00 per Contract
Entered 15 days before expiration.
Expected time to hold: 10 days